Spatial Propagation of the Economic Impacts of Bombing: The Case of the 2006 War in Lebanon

Eduardo Haddad and Yasuhide Okuyama

Review of Middle East Economics and Finance, 2016, vol. 12, issue 3, 225-256

Abstract: This paper assesses the economic effects of the July 2006 War in Lebanon. We estimate the economy-wide impacts on the Lebanese regions resulting from the reduction of physical capital stocks using the estimated damages associated with the bombing events. In doing that, we are able to derive the estimates of the short-run economic costs of the War related to the structural break in the availability of economic infrastructure in the country. A discussion on resiliency is also introduced showing how the lack of redundancy in the country’s infrastructure is associated with stronger higher-order negative effects. Moreover, we show how international trade can act as a shock absorber.

Keywords: Middle East; Lebanon; disasters; July 2006 War; impact analysis; resiliency (search for similar items in EconPapers)
JEL-codes: Q54 R13 (search for similar items in EconPapers)
Date: 2016
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Related works:
Working Paper: SPATIAL PROPAGATION OF THE ECONOMICIMPACTS OF BOMBING: THE CASE OF THE 2006 WAR IN LEBANON (2014)
Working Paper: Spatial Propagation of the Economic Impacts of Bombing: The Case of the 2006 War in Lebanon (2012)
Working Paper: Spatial Propagation of the Economic Impacts of Bombing: The Case of the 2006 War in Lebanon (2012)
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DOI: 10.1515/rmeef-2016-0035

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