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An Econometric Analysis of the Impact of Terrorism on Tourism

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Author Info
Enders, Walter
Sandler, Todd
Parise, Gerald F

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Abstract

This paper quantifies the impact that terrorism has had on tourism since 1970. To accomplish this task, the authors estimate a forecasting equation for a country's (region's) share of tourism using an ARIMA model with a transfer function based on the time series of terrorist attacks in the country (or region). Their results focus on three European countries--Greece, Italy, and Austria--that have experienced noteworthy terrorist attacks since 1970. The authors also calculate revenue losses for continental Europe. Since 1974 these losses are large, amounting to sixteen billion SDRs in present value terms. Much of the loss occurred in the 1980s. Copyright 1992 by WWZ and Helbing & Lichtenhahn Verlag AG

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Publisher Info
Article provided by Blackwell Publishing in its journal Kyklos.

Volume (Year): 45 (1992)
Issue (Month): 4 ()
Pages: 531-54
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Handle: RePEc:bla:kyklos:v:45:y:1992:i:4:p:531-54

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  1. Abbas Valadkhani & Allan P. Layton, 2003. "Quantifying the Effect of GST on Inflation in Australia’s Capital Cities: An Intervention Analysis," School of Economics and Finance Discussion Papers and Working Papers Series 153, School of Economics and Finance, Queensland University of Technology. [Downloadable!]
  2. Javier Ferri, 2004. "Evaluating the Regional Impact of a New Road on Tourism," Regional Studies, Taylor and Francis Journals, vol. 38(4), pages 409-418, June. [Downloadable!] (restricted)
  3. Carlos P. Barros & Guglielmo Maria Caporale & Luis A. Gil-Alana, 2006. "Eta Terrorism:Police Action, Political Measures And The Influence Of Violence On Economic Activity In The Basque Country," Economics and Finance Discussion Papers 06-03, Economics and Finance Section, School of Social Sciences, Brunel University. [Downloadable!]
  4. Edward L. Glaeser & Jesse M. Shapiro, 2001. "Cities and Warfare: The Impact of Terrorism on Urban Form," Harvard Institute of Economic Research Working Papers 1942, Harvard - Institute of Economic Research. [Downloadable!]
  5. Bruno Frey & Simon Luechinger & Alois Stutzer, 2004. "Valuing Public Goods: The Life Satisfation Approach," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
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  6. Alberto Abadie & Sofia Dermisi, 2006. "Is Terrorism Eroding Agglomeration Economies in Central Business Districts? Lessons from the Office Real Estate Market in Downtown Chicago," NBER Working Papers 12678, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  7. Martin Gassebner & Richard Jong-A-Pin & Jochen O. Mierau, 2007. "Terrorism and Cabinet Duration: An Empirical Analysis," Working papers 07-181, KOF Swiss Economic Institute, ETH Zurich. [Downloadable!]
  8. Sarah Skinner, 2006. "Estimating the real growth effects of blockbuster art exhibits: A time series approach," Journal of Cultural Economics, Springer, vol. 30(2), pages 109-125, September. [Downloadable!] (restricted)
  9. Vitaly Guzhva, 2008. "Applying intervention analysis to financial performance data: The case of US airlines and September 11th," Journal of Economics and Finance, Springer, vol. 32(3), pages 243-259, July. [Downloadable!] (restricted)
  10. Carl Bonham & Christopher Edmonds & James Mak, 2006. "The Impact of 9/11 and Other Terrible Global Events on Tourism in the U.S. and Hawaii," Economics Study Area Working Papers 87, East-West Center, Economics Study Area. [Downloadable!]
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  11. Bruno S. Frey & Simon Luechinger, . "Measuring Terrorism," IEW - Working Papers iewwp171, Institute for Empirical Research in Economics - IEW. [Downloadable!]
  12. Alberto Abadíe & Javier Gardeazábal, 2005. "Terrorism and the World Economy," DFAEII Working Papers 200519, University of the Basque Country - Department of Foundations of Economic Analysis II. [Downloadable!]
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  13. Lars Hultkrantz & Christina Olsson, 1997. "Chernobyl effects on domestic and inbound tourism in Sweden — A time series analysis," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 9(2), pages 239-258, March. [Downloadable!] (restricted)
  14. Carlos Pestana Barros & Luis Gil-Alana, 2006. "Eta: A Persistent Phenomenon," Defence and Peace Economics, Taylor and Francis Journals, vol. 17(2), pages 95-116, April. [Downloadable!] (restricted)
  15. Carlos Pestana Barros, 2003. "An intervention analysis of terrorism: the spanish eta case," Defence and Peace Economics, Taylor and Francis Journals, vol. 14(6), pages 401-412, December. [Downloadable!] (restricted)
  16. Bruno S. Frey & Simon Luechinger, . "Terrorism: Deterrence May Backfire," IEW - Working Papers iewwp136, Institute for Empirical Research in Economics - IEW. [Downloadable!]
  17. Khusrav Gaibulloev, 2008. "The Impact of Terrorism and Conflicts on Growth in Asia, 1970–2004," Working Papers id:1789, esocialsciences.com. [Downloadable!]
  18. Muhammad Islam & Wassim Shahin, 2001. "Applying economic methodology to the war on terrorism," Forum for Social Economics, Springer, vol. 31(1), pages 7-26, September. [Downloadable!] (restricted)
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