Economic consequences of the Iraq War

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Prewar economic analysis

William Nordhaus, Professor of Economics at Yale university, provided the most comprehensive prewar analysis of the economic consequences of a war in Iraq. He published a non-technical version of his study in a December 5, 2002 article in the New York Review of Books.

Consequences for Iraqi citizens

  • Fatalities
  • Non-fatal injuries
  • Property destruction
  • Foregone GDP
  • Environmental costs

Consequences for US citizens

  • Fatalities
  • Non-fatal injuries
  • Budgeted government expenditures
  • Foregone GDP
  • Elevated oil prices

Other consequences

  • Costs of non US coalition partners
  • Environmental costs to Iraq's neighbors
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