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

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  • Chang Woon Nam
  • Jan Schumacher

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.

Suggested Citation

  • Chang Woon Nam & Jan Schumacher, 2013. "Dynamics and Time Scope of Post War Recovery Required for Compensating Civil War Economic Losses," CESifo Working Paper Series 4361, CESifo.
    • Handle: RePEc:ces:ceswps:_4361
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    More about this item

    Keywords

    civil war; GDP losses; long-term post-war recovery; developing countries; present value model;
    All these keywords.

    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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