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Macroeconomic costs of conflict are generally very large, with GDP per capita about 28 percent lower ten years after conflict onset. This is overwhelmingly driven by private consumption, which falls by 25 percent ten years after conflict onset. Conflict is also associated with dramatic declines...
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IMF’s Structural Adjustment Program, and the effect of Tajikistan’s civil war on ex-combatants’ capacity for trust and … cooperation. Taken together, these contributions show that economics needs a theory of conflict to understand both outright …
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War, whether external or internal, large or small, is a costly endeavor. Loss of life, loss of close friends or family …, and the destruction of material possessions all play a part in the costs of war. The purpose of this paper is to capture …
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