Calculations on the global economic cost of violence have been peer-reviewed and published for the benefit of scholars and researchers.
A peer-reviewed journal has published research from the Institute for Economics and Peace (IEP).
This month’s edition of Defence and Peace Economics journal accepted and published an article detailing the methodology for the global economic cost of violence.
Authored by IEP’s Senior Research Fellow Mohib Iqbal, Research Fellow Harrison Bardwell and Director of Research Dr David Hammond, the article provides extensive detail on how the global economic cost of violence is calculated.
Director of Research Dr David Hammond said the journal’s review and acceptance of the paper is an important mark of credibility.
“Part of IEP’s mission is to develop apolitical and trustworthy metrics to analyse peace and conflict, and quantify its economic value for policymakers and researchers,”
“IEP works conscientiously to provide the most up-to-date data and research that is of the highest calibre. The journal’s recognition is an important sign that our research is reliable,” Dr Hammond said.
The Defence and Peace Economics Journal is a longstanding publisher of academic material and covers varied aspects of the economics of defence, disarmament and peace.
Between 2017 and 2018, The global economic impact of violence improved for the first time since 2012, decreasing by 3.3 per cent or $475 billion to reach $14.1 trillion in purchasing power parity terms.