How Many Bucks in a Bang: On the Estimation of the Economic Costs of Conflict

Abstract

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Micro-Level Dynamics of Conflict, Violence, and Development: A New Analytical Framework

“…3 For instance, Stiglitz and Bilmes (2008), Brück, de Groot and Bozzoli, (2012), Brück, de Groot and Schneider (2011), Knight, Loayza and Villanueva (1996), Collier (1999) and Stewart and FitzgGerald (2001).…”

Armed Conflict and Child Weight in DR Congo

“…It is documented that armed conflict destroys production capacity, impedes economic growth rate, and depresses standard of living [1,2]. e insurmountable expenditure on the military during conflict implies substantial foreign debt, which can lead to the discouragement of new foreign investments, domestic as well as foreign capital flight [11]. Armed conflict is also associated with the depreciation of human capital.…”

Beyond the “Sinew of War”: The Political Economy of Security as a Subfield

“…Once a gun is acquired, what comes next? If the state is able to avoid entering a war, then the guns are simply held and can become a deadweight loss: Society misses out on the economic benefits that could have been acquired with the resources allocated toward defense (Brück et al 2012, Smith 1980). But suppose a country goes to war and the guns are put to use.…”