Warfare, Civil Conflict and the Spatial Impacts on Domestic Investment: Evidence from South America, 1950-2000
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Michael J. Hicks
This paper reports the effect of intra- and international conflict on domestic investment in South America from 1950-2000. We combine data from the Penn World Table 6.1 and the Militarized Interstate Dispute Dataset from the Correlates of War project in a spatial investment accelerator model. We find that the magnitude of conflicts (total fatal casualties) is associated with diminished domestic investment, in magnitudes that range from 0.1 percent to one third of total investment across South America's experience in civil wars, conflicts and ethnic wars. We find no evidence of spatial spillovers in South America's civil wars. The paucity of international conflicts in the region leads us to conclude there is no more than suggestive evidence of large impacts and spatial spillovers of international conflicts.
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Research Paper
- Labor Market Conditions, Political Events, and Palestinian Suicide Bombings
- Politics of Defence Spending and Endogenous Inequality
- Atoms for Peace, Redux: Energy Codependency for Sustained Cooperation on the Korean Peninsula
- Beyond Moral Hazard: The Effect of Firm-Level Compensation Strategies on Economic Conflict
- Warfare, Civil Conflict and the Spatial Impacts on Domestic Investment: Evidence from South America, 1950-2000
- Impact of War on Country per Capita GDP: A Descriptive Analysis
- Letter
- Introducing the New Concept of National Power: From the Network Perspective
- A Note on Second Order Probabilities in the Traditional Deterrence Game
- List of Referees/Reviewers 2009
