Violence and Long-run Economic Growth in the United States

Michele Baggio, Alberto Chong and Metin Cosgel ()
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Michele Baggio: University of Connecticut

International Center for Public Policy Working Paper Series, at AYSPS, GSU from International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University

Abstract: We examine patterns of lethal socio-political violence in the United States between 1934 and 2010 and estimate the impact on income growth. The predominant type of violence shifted from riots to rampages over time. Whereas such incidents were heavily concentrated in the South before the 1960s, they spread to all regions by the twenty-first century. Using improved data measurement and applying a difference-in-difference approach designed for multiple types of events, we find that socio-political violence had a significant adverse effect on the growth of personal incomes. The magnitude was greater for racial violence than non-racial violence. Although the initial impact was immediate, it did not last long.

Pages: 25 pages
Date: 2023-10
New Economics Papers: this item is included in nep-gro and nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:ays:ispwps:paper2320

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