Citation

Bozzoli C, Bruck T, Sottsas S. Def. Peace Econ. 2010; 21(2): 165-176.

Copyright

(Copyright © 2010, Informa - Taylor and Francis Group)

DOI

10.1080/10242690903568934

PMID

unavailable

Abstract

This paper defines the global economic costs of conflict and suggests two key criteria, namely comprehensiveness and consistency, which are necessary for a valid calculation of such costs. A critical review of the literature reveals that most studies focus on national income losses, using counterfactual regression models, finding a negative impact on growth both for conflict countries themselves and for their neighbors. However, the debate is quite fragmented and the literature fails to combine these insights in a comprehensive and consistent manner. Furthermore, there is little work thus far on integrating aggregate and micro-level estimates of the costs of conflict.