Growth Dynamics: The Myth of Economic Recovery: Comment
指出Cerra和Saxena(2008)对内战危机的编码方式存在误导,纠正后显示内战平均导致产出损失18%,比他们研究的其他危机更具破坏性。
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.