Fiscal Consequences of Armed Conflict and Terrorism in Low- and Middle-Income Countries

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Benedict J. Clements; Sanjeev Gupta; Shamit Chakravarti; Rina Bhattacharya;
  • Subject: Africa, National Security and War, [Fiscal policy;Terrorism;growth, armed conflict, internal conflict, armed conflicts, terrorist, Fiscal and Monetary Policy in Development, Economywide Country Studies]

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 inflation, and has adverse effects on tax revenues and in... View more
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