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The Impact of the War 1991: 1995 on the Croatian Economy: A Contribution to the Analysis of War Economies

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  • Schönfelder, Bruno

Abstract

The economics of the Croatian war differ considerably from what is often thought of as typical features of a war economy. Most strikingly, while wars are often perceived as generating a tendency towards repressed inflation and a command economy the Croatian economy actually moved in the opposite direction. Croatia "nevertheless" won the war. This has prompted some to think of the war as matter of minor relevance for Croatian economic development in the nineties. The paper argues that this view is mistaken. Croatia offers an opportunity to reconsider the macroeconomics of regional wars. This reconsideration demonstrates the power of the new classical framework.

Suggested Citation

  • Schönfelder, Bruno, 2005. "The Impact of the War 1991: 1995 on the Croatian Economy: A Contribution to the Analysis of War Economies," Freiberg Working Papers 2005/14, TU Bergakademie Freiberg, Faculty of Economics and Business Administration.
    • Handle: RePEc:zbw:tufwps:200514
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    File URL: https://www.econstor.eu/bitstream/10419/22512/1/schoenfelder_14_2005.pdf
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    Cited by:

    1. Bassil Charbel, 2013. "Macroeconomic Consequences of War and Terrorism in Lebanon," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 19(3), pages 415-429, December.

    More about this item

    Keywords

    Wehrpflicht; totaler Krieg; Flüchtlinge; sozialistische Industrialisierung; Draft; total war; refugees; socialist industrialization;
    All these keywords.

    JEL classification:

    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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