Conflict, Peace and Economics

Authors

  • Jorge Barrientos Profesor. Departamento de Economía. Universidad de Antioquia
  • Víctor Tamayo Bustamante Universidad de Antioquia
  • Germán Darío Valencia Agudelo Universidad de Antioquia

Keywords:

Peace, sustainability, post-conflict, internal conflict, Economic development

Abstract

In this paper we are interested in investigating the economic determinants for sustainable peace in post-conflict. To achieve the goal we selected a sample of countries, which after passing through internal armed conflicts, have managed to achieve peace. The large number of socioeconomic variables available in the databases analyzed involves using a methodology of principal components to choose those with the greatest explanatory power. In addition, a probabilistic model is constructed to determine which variables increase the probability of a sustaining peace. Our evidence suggests that the most important factors to get a lasting peace are: international aid, physical capital, infrastructure, technology, macroeconomic conditions and the added value of domestic production.

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Published

2014-06-13

Issue

No. 13: JAN-JUN 2014

Section

Science article

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