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Title:Firm exit and armed conflict in Colombia PDF Logo
Authors:Camacho, Andriana
Rodriguez, Catherine
Issue Date:2010
Series/Report no.:Working paper // World Institute for Development Economics Research 2010,94
Abstract:This paper uses two unique panel data sets to study the causal effect that armed conflict has over entrepreneurial activity 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 in the number of guerrilla and paramilitary attacks in a municipality increases the probability of firm exit in 8.1 percentage points. This effect is stronger for smaller plants and has a differential impact with respect to firms' age.
Subjects:conflict
firm exit
entrepreneurship
Colombia
JEL:D21
J31
R30
ISBN:978-92-9230-332-7
Document Type:Working Paper
Appears in Collections:WIDER Working Papers, United Nations University (UNU)

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