|
|
|
Sort Order |
|
|
|
Items / Page
|
|
|
|
|
|
|
| Srl | Item |
| 1 |
ID:
120394
|
|
|
|
|
| Publication |
2013.
|
| Summary/Abstract |
In this article, the economic impact of diminishing levels of uncertainty on investment, as a result of conflict resolution processes, is tested by means of a case study on a European region largely affected by political violence. For this purpose, the response of Basque investment during conflict resolution attempts is used as a natural experiment with which to evaluate the effect of reduced uncertainty on productive investment. Thus, it is found that productive investment in the Basque Country increased considerably when credible peace talks directed towards the end of the conflict were undertaken. Accordingly, when compared with other subsets of comparable Spanish provinces, the truces declared in 1988 and 1998 propelled the growth rate of investment in this region by 21.2 and 25.8 percentage points, respectively. This finding gives an idea on the magnitude of the potential peace dividend to be reaped in the event of an eventual conflict resolution and a complete cessation of political violence in the region.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2 |
ID:
117592
|
|
|
|
|
| Publication |
2012.
|
| Summary/Abstract |
In this article, the impact of diminishing levels of uncertainty on labour demand, as a consequence of conflict resolution processes, is tested by means of a case study of a European region largely affected by political violence. For this purpose, the response of Basque manufacturing employment during conflict resolution attempts is used as a natural experiment with which to evaluate the effect of reduced uncertainty on labour demand. Accordingly, using the difference-in-differences technique, which overcomes some of the shortcomings of previous studies, the relative performance of Basque labour demand during the last two attempts to bring peace to the region is quantified. The longest ceasefire episode ever declared in the region is shown to have triggered a reactivation in labour demand and, therefore, that Basque manufacturing firms responded positively to the reduction in uncertainty by significantly raising their average number of employees. More precisely, it is found that the average number of workers employed by Basque manufacturing firms increased considerably when credible peace talks directed towards the end of the conflict were undertaken. Thus, when compared with their counterparts in similar Spanish provinces, the truce declared in 1998 boosted employment demand in Basque companies by more than 4%, which reflects the economic dividend of peace to be reaped in the event of an eventual conflict resolution and the establishment of a peaceful environment in the region.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|