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Journal article
Trade openness and the settlement of domestic disputes in the shadow of the future
Research in economics, v 69(2)
01 Jun 2015
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
We explore the severity of an ongoing dispute over a productive resource within a country that participates in world trade. In addition to arming, the contending groups in our setting choose either to engage in destructive conflict or to settle their dispute peacefully. Our central objective is to characterize the conditions under which the dispute might be resolved peacefully instead of violently. The analysis underscores the intuitive roles played by the destructiveness of open conflict and the salience of the future that have been identified in the previous literature, but it also provides some novel insights into how world prices and trade openness matter. Among other things, we find that, given conflict's destructive effects and time preferences, settlement is most likely to be supported as a stable equilibrium when the "traditional" gains from trade are largest. However, there also exist circumstances under which increased trade openness can induce destructive conflict. (C) 2015 University of Venice. Published by Elsevier Ltd. All rights reserved.
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Details
- Title
- Trade openness and the settlement of domestic disputes in the shadow of the future
- Creators
- Michelle R. Garfinkel - University of California, IrvineConstantinos Syropoulos - Drexel University
- Publication Details
- Research in economics, v 69(2)
- Publisher
- Elsevier
- Number of pages
- 23
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:000438454800006
- Scopus ID
- 2-s2.0-84928924364
- Other Identifier
- 991019168689204721
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- Collaboration types
- Domestic collaboration
- Web of Science research areas
- Economics