The economic costs of conflict: A case study of the Basque Country
The economic costs of conflict: A case study of the Basque Country
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DOI：
10.1257/000282803321455188
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发表时间：
2003-03-01
影响因子：
10.7
通讯作者：
Gardeazabal, J
中科院分区：
文献类型：
--
作者：
Abadie, A;Gardeazabal, J
本文以巴斯克地区的恐怖主义冲突为个案，探讨冲突对经济的影响。我们发现，在20世纪60年代末恐怖主义爆发后，巴斯克地区的人均GDP相对于没有恐怖主义的综合控制区下降了约10个百分点。此外，我们使用1998-1999年休战作为自然实验。我们发现，在巴斯克地区有很大一部分业务的公司的股票在停火变得可信时表现出积极的相对表现，而在停火结束时表现出消极的相对表现。
This article investigates the economic effects of conflict, using the terrorist conflict in the Basque Country as a case study. We find that, after the outbreak of terrorism in the late 1960's, per capita GDP in the Basque Country declined about 10 percentage points relative to a synthetic control region without terrorism. In addition, we use the 1998-1999 truce as a natural experiment. We find that stocks of firms with a significant part of their business in the Basque Country showed a positive relative performance when truce became credible, and a negative relative performance at the end of the cease-fire.