Arbeitspapier
The Macroeconomic Consequences of Terrorism
We perform an empirical investigation of the macroeconomic consequences of international terrorism and interactions with alternative forms of collective violence. Our analysis is based on a rich unbalanced panel data set with annual observations on 177 countries from 1968 to 2000, which brings together information from the Penn World Table dataset, the ITERATE dataset for terrorist events, and datasets of external and internal conflict. We explore these data with cross-sectional and panel growth regression analysis and a structural VAR model. We find that, on average, the incidence of terrorism may have an economically significant negative effect on growth, albeit one that is considerably smaller and less persistent than that associated with either external wars or internal conflict. As well, terrorism is associated with a redirection of economic activity away from investment spending and towards government spending. However, our investigation also suggests important differences both regarding the incidence and the economic consequences of terrorism among different sets of countries. In OECD economies, in particular, terrorist incidents are considerably more frequent than in other nations, but the negative influence of these incidents on growth is smaller.
- Sprache
-
Englisch
- Erschienen in
-
Series: Claremont Colleges Working Papers ; No. 2004-02
- Klassifikation
-
Wirtschaft
Macroeconomic Analyses of Economic Development
Conflict; Conflict Resolution; Alliances; Revolutions
- Thema
-
Growth
Conflict
Terrorism
Politische Gewalt
Makroökonomischer Einfluss
Wirtschaftswachstum
Schätzung
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Blomberg, S. Brock
Hess, Gregory D.
Orphanides, Athanasios
- Ereignis
-
Veröffentlichung
- (wer)
-
Claremont McKenna College, Department of Economics
- (wo)
-
Claremont, CA
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Blomberg, S. Brock
- Hess, Gregory D.
- Orphanides, Athanasios
- Claremont McKenna College, Department of Economics
Entstanden
- 2004
Ähnliche Objekte (12)
The Macroeconomic Consequences of Terrorism
The macroeconomic consequences of disasters
The economic consequences of terrorism for the European Union
Macroeconomic consequences of distributional conflicts
China's macroeconomic imbalances: causes and consequences
Digitalization and the future of work: Macroeconomic consequences
Digitalization and the Future of Work: Macroeconomic Consequences
The macroeconomic consequences of artificial intelligence: A theoretical framework
The macroeconomic consequences of import tariffs and trade policy uncertainty
On the socio-economic roots and macroeconomic consequences of terrorism
On the socio-economic roots and macroeconomic consequences of terrorism
The macroeconomic consequences of EMU: international evidence from a DSGE model
The Macroeconomic Consequences of Terrorism
The macroeconomic consequences of disasters
The economic consequences of terrorism for the European Union
Macroeconomic consequences of distributional conflicts
China's macroeconomic imbalances: causes and consequences
Digitalization and the future of work: Macroeconomic consequences
Digitalization and the Future of Work: Macroeconomic Consequences
The macroeconomic consequences of artificial intelligence: A theoretical framework
The macroeconomic consequences of import tariffs and trade policy uncertainty
On the socio-economic roots and macroeconomic consequences of terrorism
On the socio-economic roots and macroeconomic consequences of terrorism
The macroeconomic consequences of EMU: international evidence from a DSGE model
The Macroeconomic Consequences of Terrorism
The macroeconomic consequences of disasters
The economic consequences of terrorism for the European Union
Macroeconomic consequences of distributional conflicts
China's macroeconomic imbalances: causes and consequences
Digitalization and the future of work: Macroeconomic consequences
Digitalization and the Future of Work: Macroeconomic Consequences
The macroeconomic consequences of artificial intelligence: A theoretical framework
The macroeconomic consequences of import tariffs and trade policy uncertainty
On the socio-economic roots and macroeconomic consequences of terrorism
On the socio-economic roots and macroeconomic consequences of terrorism