Firm Exit and Armed Conflict in Colombia

Bibliographic Data

ID6286240
AuthorsArturo Camacho (0000-0001-8325-9015, Universidad de los Andes, corresponding author), Adriana Camacho (Universidad de los Andes), Catherine Rodríguez (0000-0003-4644-7273, Universidad de los Andes)
Year2013
Volume57
Issue1
Pages89-116
Publication date2013-02-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Conflict Resolution (JOURNAL)
Journal identifiersISSN: 0022-0027 • E-ISSN: 1552-8766
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0022002712464848
OpenAlexW2249817987
LanguageEN
Citations received42
References cited29

This article uses two unique panel data sets to study the causal effect that armed conflict has over firm exit in Colombia. Using a fixed-effect estimation methodology at the plant level and controlling for the possible endogeneity of armed conflict through the use of instrumental variables, we find that a one-standard deviation ( SD) increase in the number of guerrilla and paramilitary attacks in a municipality increases the probability of plant exit in 5.5 percentage points or .28 SD. This effect is stronger for younger manufacturing plants, with a smaller number of workers and low levels of capital

Armed conflict · Capital (architecture · Demographic economics · Econometrics · Economics · Endogeneity · Estimation · Geography · Instrumental variable · Percentage point · Political science · Standard deviation · Statistics · Agricultural risk and resilience · Corruption and Economic Development · Defense, Military, and Policy Studies · Mathematics

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