| ID | 167863 |
| Title Proper | Economic Consequences of the Libyan Spring |
| Other Title Information | a synthetic control analysis |
| Language | ENG |
| Author | Echevarría, Cruz A |
| Summary / Abstract (Note) | In 2011 a wave of revolutionary movements, the so-called Arab Spring, spread in the Middle East and North Africa. Libya was one of the most affected countries, ending Gaddafi’s dictatorship after an international intervention and a civil war. This paper assesses the effects that this revolution had on Libyan economy. The analysis is made by means of the synthetic control method. Our estimates for the 2011–2014 period show (i) a cumulative loss in the growth rate of per capita real GDP of 64.15%; (ii) a cumulative loss in per capita real GDP of 56,548 dollars; and (iii) a cumulative loss in the aggregate real GDP of 350.5 billion dollars. |
| `In' analytical Note | Defence and Peace Economics Vol. 30, No.5; Sep 2019: p.592-608 |
| Journal Source | Defence and Peace Economics Vol: 30 No 5 |
| Key Words | Libya ; Case Study ; Arab Spring ; Synthetic Control Method ; Treatment Effect |