Interestingly, lapsing back into war: war last year, no war this year, but war next year, has the lowest growth rate, while failing to lapse back into war: war last year, no war this year, and no war next year, has the highest.
Thursday, December 27, 2012
The Impact of War on Economic Growth
Corrections took the dataset present in Growth Dynamics: The Myth of Economic Recovery: Comment by Hannes Mueller and collapsed the dataset down to a single interesting table, giving the present period growth rates given whether a country was at war last year, this year, and next year.
Interestingly, lapsing back into war: war last year, no war this year, but war next year, has the lowest growth rate, while failing to lapse back into war: war last year, no war this year, and no war next year, has the highest.
Interestingly, lapsing back into war: war last year, no war this year, but war next year, has the lowest growth rate, while failing to lapse back into war: war last year, no war this year, and no war next year, has the highest.
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