Abstract This study provides empirical evidence on the economic consequences of terrorism on the labor market and labor force by looking at the case of Iraq. We develop a set of hypotheses from classical labor economic theory around the consumer maximization problem and propose a threshold for endangerment costs that, when reached, cause households to choose not working, and
Read MoreIraq’s massive needs for reconstruction, after more than 35 years of conflict, cannot be met by current revenues from its considerable hydrocarbon resources alone, and thus it needs to resort to debt to augment funding this reconstruction. However, discussions within Iraq about the country’s debt are emotionally influenced by several factors, some of which are percept
Read MoreERBIL, Kurdistan Region – Iraq’s next government has a problem. Almost half the population is under the age of 19 and unemployment among 15-24 year olds already stands at 18 percent. Unless opportunities are created for them, their disillusionment will only grow. According to the latest figures from the United Nations Development Programme (UNDP), the unemployment rate acros
Read MoreBAGHDAD: Iraq's parliament on Saturday (Mar 3) adopted an US$88.5 billion budget for 2018, with Kurdish lawmakers boycotting the vote to protest against a cut in the amount allocated to their autonomous region. The reduction comes after a controversial independence reference by the Kurds last year sparked a furious dispute with the central government. The budget is based on p
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