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An Economic Analysis of Conflicts - With an Application to the Greek Civil War 1946-1949 (Paperback, Softcover reprint of the original 1st ed. 2016)
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An Economic Analysis of Conflicts - With an Application to the Greek Civil War 1946-1949 (Paperback, Softcover reprint of the original 1st ed. 2016)
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Total price: R3,285
Discovery Miles: 32 850
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This book provides a quantitative framework for the analysis of
conflict dynamics and for estimating the economic costs associated
with civil wars. The author develops modified Lotka-Volterra
equations to model conflict dynamics, to yield realistic
representations of battle processes, and to allow us to assess
prolonged conflict traps. The economic costs of civil wars are
evaluated with the help of two alternative methods: Firstly, the
author employs a production function to determine how the
destruction of human and physical capital stocks undermines
economic growth in the medium term. Secondly, he develops a
synthetic control approach, where the cost is obtained as the
divergence of actual economic activity from a hypothetical path in
the absence of civil war. The difference between the two approaches
gives an indication of the adverse externalities impinging upon the
economy in the form of institutional destruction. By using detailed
time-series regarding battle casualties, local socio-economic
indicators, and capital stock destruction during the Greek Civil
War (1946-1949), a full-scale application of the above framework is
presented and discussed.
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