TY  - BOOK
AU  - Ianchovichina,Elena
AU  - Ianchovichina,Elena
AU  - Ivanic,Maros
TI  - Economic Effects of the Syrian War and the Spread of the Islamic State on the Levant
PY  - 2014///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Deep Trade Integration
KW  - Economic Theory & Research
KW  - Finance and Financial Sector Development
KW  - Free Trade
KW  - General Equilibrium Effects
KW  - Insurance & Risk Mitigation
KW  - International Economics & Trade
KW  - Islamic State
KW  - Macroeconomics and Economic Growth
KW  - Syrian War
KW  - The Levant
KW  - Trade & Services
KW  - Trade Policy
KW  - Trade Restrictions
N2  - This paper uses a global computable general-equilibrium framework with new detail on six Levant countries-the Arab Republic of Egypt, Iraq, Jordan, Lebanon, the Syrian Arab Republic, and Turkey-to quantify the direct and indirect economic effects of the Syrian war and the advance of the Islamic State on the Levant. Syria and Iraq bear the brunt of the direct economic costs, while the other Levant countries lose in per capita but not in aggregate terms. The fact that the Islamic State's spread has undermined regional trade adds to varying degrees to the direct costs in all Levant economies and in the case of Syria and Iraq doubles the welfare losses. All these countries are foregoing opportunities to expand intra-Levant trade and the associated gains in economic efficiency and diversification. The average welfare effects are not indicative of within-country incidence, which varies among workers, landowners, and capitalists
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-7135
ER  -