Diamonds Are Forever, Wars Are Not: Is Conflict Bad for Private Firms?
نویسندگان
چکیده
منابع مشابه
Diamonds Are Forever, Wars Are Not. Is Conßict Bad for Private Firms? *
This paper studies the relationship between civil war and private investment in a poor, resource abundant country using microeconomic data for Angola. We focus on diamond mining Þrms and conduct an event study on the sudden end of the conßict, marked by the death of the rebel movement leader in 2002. We Þnd that the stock market perceived this event as bad news rather than good news for com...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2007
ISSN: 0002-8282
DOI: 10.1257/aer.97.5.1978