Estimating the peace dividend: the impact of violence on house prices in Northern Ireland

Besley, T.ORCID logo & Mueller, H. (2012). Estimating the peace dividend: the impact of violence on house prices in Northern Ireland. American Economic Review, 102(2), 810-833. https://doi.org/10.1257/aer.102.2.810
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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.
Item Type Article
Copyright holders © 2012 American Economic Association
Departments LSE > Academic Departments > Economics
LSE > Research Centres > STICERD
DOI 10.1257/aer.102.2.810
Date Deposited 02 Jul 2012
URI https://researchonline.lse.ac.uk/id/eprint/44575

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