The Effect of War on Economic Growth
- Clifford F. Thies, Christopher F. Baum
- Content Type
- Journal Article
- The Cato Journal
- Issue Number
- Publication Date
- Winter 2020
- The Cato Institute
- With the collapse of the Soviet Union, it was thought that major
wars had become obsolete (Mueller 1989) and perhaps regional conflicts might be brought under control (Cederman, Gleditsch, and
Wucherpfennig 2017). But, while the level of violence declined, the
number of wars in the world appears to have reached a new steady
state. A world that was once organized by East-West rivalry is now
characterized by ethno-religious conflicts, as well as by spontaneously
arising transnational terrorist organizations and criminal gangs.
For various reasons, economists have become interested in investigating the causes and effects of war and other armed conflict
(e.g., Coyne and Mathers 2011).
This article uses a consistent measurement of these forms of
violence across space and time to conduct a rigorous quantitative
analysis of the effect of war on economic growth.
- Cold War, War, History, Economic Growth, Conflict
- Political Geography
- Global Focus