Firm Exit and Armed Conflict in Colombia

Publicado en

  • Journal of Conflict Resolution


  • 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.

fecha de publicación

  • 2013

Líneas de investigación

  • Colombia
  • Conflict
  • Entrepreneurship
  • Firm Exit

Página inicial

  • 89

Última página

  • 116


  • 57


  • 1