%0 Journal Article %1 abadie2003economic %A Abadie, Alberto %A Gardeazabal, Javier %D 2003 %J American Economic Review %K basque causal conflict control inference synthetic %N 1 %P 113-132 %T The Economic Costs of Conflict: A Case Study of the Basque Country %U http://ideas.repec.org/a/aea/aecrev/v93y2003i1p113-132.html %V 93 %X This article investigates the economic effects of conflict, using the terrorist conflict in the Basque Country as a case study. We find that, after the outbreak of terrorism in the late 1960's, per capita GDP in the Basque Country declined about 10 percentage points relative to a synthetic control region without terrorism. In addition, we use the 1998-1999 truce as a natural experiment. We find that stocks of firms with a significant part of their business in the Basque Country showed a positive relative performance when truce became credible, and a negative relative performance at the end of the cease-fire.

@article{abadie2003economic, abstract = { This article investigates the economic effects of conflict, using the terrorist conflict in the Basque Country as a case study. We find that, after the outbreak of terrorism in the late 1960's, per capita GDP in the Basque Country declined about 10 percentage points relative to a synthetic control region without terrorism. In addition, we use the 1998-1999 truce as a natural experiment. We find that stocks of firms with a significant part of their business in the Basque Country showed a positive relative performance when truce became credible, and a negative relative performance at the end of the cease-fire.}, added-at = {2012-12-02T19:02:12.000+0100}, author = {Abadie, Alberto and Gardeazabal, Javier}, biburl = {https://www.bibsonomy.org/bibtex/26e39ace05d4ccf1fe7211925d86a57dd/hackstutz}, interhash = {5ce8660f48969fa774543402ea985def}, intrahash = {6e39ace05d4ccf1fe7211925d86a57dd}, journal = {American Economic Review}, keywords = {basque causal conflict control inference synthetic}, month = {March}, number = 1, pages = {113-132}, timestamp = {2012-12-02T19:02:12.000+0100}, title = {The Economic Costs of Conflict: A Case Study of the Basque Country}, url = {http://ideas.repec.org/a/aea/aecrev/v93y2003i1p113-132.html}, volume = 93, year = 2003 }