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The impact of local armed conflicts on the economic performance of countries in 1990-2019

Economic Annals-XXI

Economic Annals-ХХI: Volume 182, Issue 3-4, Pages: 41-48

Citation information:
Bataeva, P., Chaplaev, H., & Gachaev, A. (2020). The impact of local armed conflicts on the economic performance of countries in 1990-2019. Economic Annals-XXI, 182(3-4), 41-48. doi: https://doi.org/10.21003/ea.V182-05

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Patimat Bataeva
PhD (Economics),
Associate Professor,
Department of Finance and Credit,
Chechen State University
32 A. Sheripov Str., Grozny, 364061, Chechen Republic, Russia
Naurhanova71@mail.ru
ORCID ID: https://orcid.org/0000-0001-7235-0075

Hussein Chaplaev
PhD (Economics),
Associate Professor,
Director, The Institute of Distance Learning,
Chechen State Pedagogical University
17 Dudaev Bvd., Grozny, 366007, Chechen Republic, Russia
Chaplaiev79@mail.ru
ORCID ID: https://orcid.org/0000-0002-2373-4926

Ahmed Gachaev
PhD (Mathematics),
Associate Professor,
Head, Department of Higher and Applied Mathematics,
Grozny State Oil Technical University
100 Kh. Isaev Ave., Grozny, 364061, Chechen Republic, Russia
gachaev_chr@mail.ru
ORCID ID: https://orcid.org/0000-0002-3476-7977

The impact of local armed conflicts on the economic performance of countries in 1990-2019

Abstract. Despite the studies of the impact of wars on the local economies of countries and empires, the armed conflicts of the 20th century have their own specifics, different objectives and intensity, which affects not only the economic performance of enterprises and the country as a whole, but also the migration of population and investment attractiveness of the country. Studies based on armed conflicts in Latin America, civil wars in African countries as well as Iraq and Syria differ significantly from the effects of modern armed conflicts on micro- and macroeconomic levels. In the process of unfolding an armed local conflict, the investment attractiveness of the country gradually drops from A+ (for developed countries) and B (for developing countries) to CCC-, warning investors to invest in the declining economy of the country. The aim of the paper is to consider armed conflicts in the period from 1990 to 2019, including armed clashes, civil and international wars; and their impact on the economic performance of the country, both at the beginning of the conflict itself and in its middle.

Keywords: Local Armed Conflict; Economic Performance; Impact

JEL Classification: N10; N50; O50

Acknowledgements and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

DOI: https://doi.org/10.21003/ea.V182-05

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Received 21.01.2020
Received in revised form 12.02.2020
Accepted 26.02.2020
Available online 15.04.2020

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