Series: IMF Working Papers
Author(s): Benedict Clements , Sanjeev Gupta , Shamit Chakravarti , and Rina Bhattacharya
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2002
Keywords: growth, armed conflict, internal conflict, armed conflicts, terrorist, Fiscal and Monetary Policy in Development, Economywide Country Studies: Africa, National Security and War,
This paper analyses the fiscal effects of armed conflict and terrorism on low- and middle-income countries. An analysis of 22 conflict episodes shows that armed conflict is associated with lower growth and higher i...