| ID | 178625 |
| Title Proper | Estimating the Global Economic Cost of Violence |
| Other Title Information | Methodology Improvement and Estimate Updates |
| Language | ENG |
| Author | Hammond, David ; Iqbal, Mohib ; Bardwell, Harrison |
| Summary / Abstract (Note) | This paper presents significant methodological improvements on Estimating the Global Costs of Violence. It also presents updated estimates of the global economic impact of violence at $14.8 trillion in 2017. This is equivalent to 12.4 per cent of global GDP or $1,988 per person. In the analysis, 163 countries are examined accounting for 99.5 per cent of the global population. The estimate is comprised of three domains which aggregate to yield a global estimate of the economic impact of violence. These three domains are the costs of interpersonal violence, the costs of collective violence and the expenditures on violence containment. A model of the economic cost of violence is established using a bottom-up accounting approach. This model follows the methodology of the 2018 Global Peace Index (GPI). |
| `In' analytical Note | Defence and Peace Economics Vol. 32, No.4; Jun 2021: p.403-426 |
| Journal Source | Defence and Peace Economics Vol: 32 No 4 |
| Key Words | Violence ; Peace ; Armed Conflict ; Economic Cost |