ECONOMICS OF warfare Essay Example | Topics and Well Written Essays - 1000 words

ECONOMICS OF warfare - Essay ExampleDifference-indifferences estimator is used in econometrics to go over how changes in variables in the environment affect the macroeconomics. Armed conflict is aceness of the factors that affect economic maturation and development. A number of studies have been carried to establish the adverse effect of armed conflict on the rescue of a nation. The researchers have been using the difference-in-differences idea to try to understand the significance of armed conflict on the outcome of an economy (Wooldridge, 2009).Armed conflict has serious economic implications. Historically, wars have destroyed economies that were robust and were promising. The humankind wars were unfortunate occurrences that brought the world economies into an economic crisis. Although most countries recovered for the fiasco, conflicts persist especially in African countries. Rwanda is one of the countries that were worst hit by armed conflict. The enmity between the Hutu and Tutsi saw the world witness one of the deadliest genocides. The two ethnic communities fled their country to go and seek asylum in neighboring countries. Property was destroyed. Lives were lost. Consequently, the at bottom a short period, the countrys economy was on the verge of being bedridden. Intervention from the outside(a) community and other humanitarian agencies mitigated the conflict that had threatened to escalate to uncontrollable levels. Due to the intervention, common salt was brought in the country. Development partners and non-governmental organizations flocked the state with an objective of aiding them recover from the aftermath of the armed conflict. Furthermore, Rwanda became a case instruction of economists who started investigating the implication of the War on Rwandas economy. The World Bank is among one those development partners that examined the clash of the event. Researchers of the study used the