You could hear it on mainstream radio in 1978, courtesy of The Police, and if you're in Britain, you can hear it on the airwaves today, in the music of Birmingham-born MC Lady Leshurr: reggae's influence on British music.
Since civil war reduces the productivity of factors in production, this lowers the. rate of return on investments made in the domestic economy. Further, the destructive eï¬ect of. civil war increases the rate of depreciation. Again, this reduces the rate of return on domestic. investments.
Civil wars impose substantial costs on the domestic economy. We empirically. measure the economic impact of such internal wars. The paper contributes to the existing. literature both theoretically and methodologically. First, it explores the economic. channels through which civil war affects growth. Previous studies have shown the. negative growth effects of civil wars. We go a step further by identifying the channels. through which war strips a country of its growth potential.