Volume 19 (2013)
Volume 18 (2012)
Volume 17 (2011)
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Most Downloaded Articles
- How Many Wars Is the US Fighting Today? by Bilmes, Linda J. and Intriligator, Michael D.
- Evidence about the Link Between Education, Poverty and Terrorism among Palestinians by Berrebi, Claude
- Remittances and the Financing of Terrorism In Sub-Saharan Africa: 1974 - 2006 by Elu, Juliet U. and Price, Gregory N.
- Youth Unemployment, Terrorism and Political Violence, Evidence from the Israeli/Palestinian Conflict by Caruso, Raul and Gavrilova, Evelina
- The Impact of Employment in Israel on the Palestinian Labor Force by Etkes, Haggay
Accumulation and Growth in the Shadow of Conflicts
1Changwon National University, firstname.lastname@example.org
Citation Information: Peace Economics, Peace Science and Public Policy. Volume 18, Issue 1, Pages –, ISSN (Online) 1554-8597, DOI: 10.1515/1554-8597.1246, April 2012
- Published Online:
We introduce a simple growth model to investigate how the evolution of a society is influenced by international conflicts. We come to the result that in the long run three equilibria are possible; a war equilibrium, a peace equilibrium or cycles between war and peace. Which kind of equilibrium will be achieved depends on the effectiveness of weapons, the distribution of capital, intertemporal preferences and the production technology. In general, we conclude that the achievement of a long-lasting sustainable peace is possible, if we restrict the degree of economic inequality. The model delivers a normative reasoning for the foundation and the conservation of the European Union, even if redistribution of national incomes must take place to conserve it.