The more time that has elapsed since the last civil war, the less likely it is that a conflict will recur. The study had two possible explanations for this: one opportunity-based and the other grievance-based. The elapsed time may represent the depreciation of whatever capital the rebellion was fought over and thus increase the opportunity cost of restarting the conflict. Alternatively, elapsed time may represent the gradual process of healing of old hatreds. The study found that the presence of a diaspora substantially reduced the positive effect of time, as the funding from diasporas offsets the depreciation of rebellion-specific capital.