Economic Growth and Recovery After Civil Wars

Luis Gil-Alana and Singh Prakarsh
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Singh Prakarsh: Amherst College, Department of Economics, USA

Peace Economics, Peace Science, and Public Policy, 2014, vol. 20, issue 4, 565-574

Abstract: Using a fractional integration approach, we find that developing countries recover their economic growth faster than developed countries in response to a shock. The main finding is that longer civil conflicts are associated with a faster recovery process. To investigate deeper on this issue, we explore correlations with components of GDP. Higher government spending is correlated with faster recoveries post longer conflicts and higher consumption and investment are linked to faster recoveries following shorter conflicts.

Keywords: Economic growth recovery; civil wars; time series (search for similar items in EconPapers)
JEL-codes: F43 H56 O40 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1515/peps-2014-0023

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