Do natural resource windfalls, such as those arising from the discovery of giant oil fields, increase the risk of internal armed conflict? Anecdotal evidence from Nigeria, Angola, and Iraq leads us to suspect that they may, and recent research (Dal Bó and Dal Bó 2011; Besley and Persson 2009, 2011; Acemoglu et al.
Do giant oil field discoveries fuel internal armed conflicts?
Guy Michaels, Yu-Hsiang Lei, 1 December 2011
Poverty and civil wars
Simeon Djankov , Marta Reynal-Querol, 29 October 2008
Differences in per capita income have received considerable attention in the oratory on civil wars. The UN Millennium Project, Investing in Development: Practical Plans to Achieve the Millennium Development Goals (2005) notes, for example:
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Ostry, Berg, Tsangarides
Allen, Eichengreen, Evans
Greenwood, Guner, Kocharakov, Santos