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The Aftermath of Civil War |
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| Authors: | Chen Siyan; Loayza Norman V; Reynal-Querol Marta |
| Institution: | Siyan Chen is a Master's student in computational finance at Carnegie Mellon University; her email address is siyanc{at}andrew.cmu.edu Norman V. Loayza (corresponding author) is a lead economist at the World Bank; Marta Reynal-Querol is Ramon y Cajal Research Fellow at the Universitat Pompeu Fabra and research affiliate at the Center for Economic Policy Research (CEPR) and the Munich Society for the Promotion of Economic Research (CESifo); her email address is marta.reynal{at}upf.edu |
| Abstract: | Using an event-study methodology, the article analyzes the aftermathof civil war in a cross-section of countries. It focuses oncases where the end of conflict marks the beginning of relativelylasting peace. The analysis considers 41 countries involvedin internal wars over the period 1960–2003. To providea comprehensive evaluation of the aftermath of war, a rangeof social areas is considered: basic indicators of economicperformance, health and education, political development, demographictrends, and conflict and security issues. For each indicatorthe post- and pre-war situations are compared and their dynamictrends during the post-conflict period are examined. The analysisis conducted in both absolute terms and relative to controlgroups of countries that are similar except for conflict. Thefindings indicate that even though war has devastating effectsand its aftermath can be immensely difficult, when the end ofwar marks the beginning of lasting peace, recovery and improvementare achieved. |
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