Arbeitspapier
Terrorism Shocks and Public Spending: Panel VAR Evidence from Europe
Based on a trivariate panel VAR and utilizing Generalized Impulse Responses, we explored the dynamic impacts of terrorism and crime risks on public order and safety spending across European countries during the period 1994-2006. Our findings suggest that both a shock in terrorism risk or in crime, significantly increase the subsequent trajectory of public order and safety spending. As a by-product we find that public spending is ineffective in reducing observed crime or terrorism risks.
- Language
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Englisch
- Bibliographic citation
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Series: Economics of Security Working Paper ; No. 48
- Classification
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Wirtschaft
- Subject
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Panel VAR
Public Order and Safety Spending
Terrorism Activity
- Event
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Geistige Schöpfung
- (who)
-
Drakos, Konstantinos
Konstantinou, Panagiotis Th.
- Event
-
Veröffentlichung
- (who)
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Deutsches Institut für Wirtschaftsforschung (DIW)
- (where)
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Berlin
- (when)
-
2011
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Drakos, Konstantinos
- Konstantinou, Panagiotis Th.
- Deutsches Institut für Wirtschaftsforschung (DIW)
Time of origin
- 2011
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