Dynamics and Time Scope of Post War Recovery Required for Compensating Civil War Economic Losses

Chang Woon Nam and Jan Schumacher

No 4361, CESifo Working Paper Series from CESifo

Abstract: Civil war is often caused by poverty, and further demolishes existing capital. Such a vicious circle is detrimental for economic development of countries experiencing civil war. Civil war may also contribute to creative destructions of traditional economic, social and political system, leading to a more rapid post-war growth. Until now little research exists tackling problems whether and how rapidly civil war victims recover from such negative events in the sense economic losses are reversed. Based on a present value model this study estimates dynamics and time scopes of post-war recovery required for compensating civil war GDP losses in several countries.

Keywords: civil war; GDP losses; long-term post-war recovery; developing countries; present value model (search for similar items in EconPapers)
JEL-codes: F51 O11 O55 P52 (search for similar items in EconPapers)
Date: 2013
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