Estimating the Peace Dividend: The Impact of Violence on House Prices in Northern Ireland

S-Tier
Journal: American Economic Review
Year: 2012
Volume: 102
Issue: 2
Pages: 810-33

Authors (2)

Timothy Besley (London School of Economics (LS...) Hannes Mueller (Barcelona School of Economics ...)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

This article exploits data on the pattern of violence across regions and over time to estimate the impact of the peace process in Northern Ireland on house prices. After establishing a negative correlation between killings and house prices, we estimate the parameters of a Markov switching model with conflict and peace as latent states. We use the model to estimate the size of the peace dividend as captured in house price changes. (JEL D74, R23, R31)

Technical Details

RePEc Handle
repec:aea:aecrev:v:102:y:2012:i:2:p:810-33
Journal Field
General
Author Count
2
Added to Database
2026-01-24