Open AccessGrowth Dynamics: The Myth of Economic Recovery: Comment
Author(s) -
Hannes Mueller
Publication year - 2012
Publication title -
american economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 16.936
H-Index - 297
eISSN - 1944-7981
pISSN - 0002-8282
DOI - 10.1257/aer.102.7.3774
Subject(s) - misrepresentation , spanish civil war , mythology , economics , economic history , political economy , political science , development economics , law , history , classics
This comment highlights different ways of coding crisis episodes in Cerra and Saxena (2008) (CS). The comment shows that the coding used for civil war implies a misrepresentation of its impact. A correct coding of civil war reveals that the average civil war leads to a loss in output of 18 percent. This makes civil wars more devastating than all other crisis studied by CS.
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