Long-Term Effects of Yugoslav War

Kešeljević, Aleksandar; Spruk, Rok

doi:10.2139/ssrn.3560640

Cited by 3 publications

(2 citation statements)

References 27 publications

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“…The estimator is particularly suitable in settings where both cross-sectional and temporal dimension of the data are large, and does not seem to be asymptotically biased, and also allows for the nonzero correlation with time-varying unobserved confounders (Ferman, 2021a, b). 13 Extending this discussion with another example, Spruk and Keseljevic (2020) examine the causal impact of the Yugoslav war on the economic growth trajectory of former Yugoslav republics. They confront a significant variation in the composition of synthetic control groups across the treated countries.…”

Section: O R C I Dmentioning

confidence: 99%

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Synthetic Control Method: A tool for comparative case studies in economic history

Gilchrist

Emery

Garoupa

et al. 2022

Journal of Economic Surveys

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The Synthetic Control Method (SCM) has become a widely used tool in both identifying and estimating the causal impact of policies, shocks, and interventions of interest on economic and social outcomes. The technique has become particularly popular in estimating the effect of these shocks on a single treated unit. As a transparent and data‐driven statistical technique, the goal of the SCM is to construct an artificial control group for the treated unit that has similar pretreatment characteristics but has not undergone the treatment itself thus developing a plausible counterfactual against which impacts resulting from structural changes can be evaluated as part of a historical investigation. The method works well when the control group balances pre‐intervention outcomes and auxiliary covariates as much as possible. In spite of its widespread adoption, the use of the SCM in comparative economic history has lagged behind other areas of economics. In this article, we critically review the properties of the SCM and discuss the necessary conditions for a plausible application of the technique to comparative economic history in support of research designed to answer some of the long‐running historical questions and demonstrate the potential to use SCM in comparative economic history studies by estimating the impact of the oil discovery in the 1920s on Venezuela's long‐term economic growth.

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Section: O R C I Dmentioning

confidence: 99%

“…1313Extending this discussion with another example, Spruk and Keseljevic (2020) examine the causal impact of the Yugoslav war on the economic growth trajectory of former Yugoslav republics. They confront a significant variation in the composition of synthetic control groups across the treated countries.…”

mentioning

confidence: 99%

Synthetic Control Method: A tool for comparative case studies in economic history

Gilchrist

Emery

Garoupa

et al. 2022

Journal of Economic Surveys

View full text Add to dashboard Cite

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Synthetic Control Estimator: A Tool for Comparative Case Studies in Economic History

Emery¹,

Gilchrist²,

Spruk³

et al. 2020

SSRN Journal

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Not Just Empty Rhetoric: The Economic Cost of Warmongering in a Post-Conflict Environment

Muminović

2023

South East European Journal of Economics and Business

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The post-conflict literature is consistent in reporting that wars leave a painful and lasting legacy on those that experience it directly. This article aims to contribute to this broad body of literature by exploring how threats of possible new conflict affect the generation born after the war in Bosnia and Herzegovina. Our study relies on primary data collected through a controlled experiment amongst business students at three universities dominated by three different ethnicities across the country. The students were exposed to a tailored, yet fictional media report discussing the possibility of a new war. The outcomes from our Structural Equation Model reveal that the threat of a new conflict is associated with lower entrepreneurial intentions of business students and mediated by greater risk aversion. As a result, we provide evidence that the permanent warmongering in a post-conflict context, which is often a regular occurrence in such environments, cannot be dismissed as just empty rhetoric. Rather, it can potentially have severe economic consequences that might hamper economic development and prospects in the medium and long run.

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Long-Term Effects of Yugoslav War

Cited by 3 publications

References 27 publications

Synthetic Control Method: A tool for comparative case studies in economic history

Synthetic Control Method: A tool for comparative case studies in economic history

Synthetic Control Estimator: A Tool for Comparative Case Studies in Economic History

Not Just Empty Rhetoric: The Economic Cost of Warmongering in a Post-Conflict Environment

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