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Terrorism risk concern in Europe

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  • Drakos, Konstantinos
  • Müller, Cathérine

Abstract

Motivated by the Bayesian framework, we explore terrorism risk perception differences across European countries. Perception variation is explained by the long-term terrorism countries face, while the cyclical part of terrorism does not seem to play any role.

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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 112 (2011)
Issue (Month): 2 (August)
Pages: 195-197

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Handle: RePEc:eee:ecolet:v:112:y:2011:i:2:p:195-197

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Web page: http://www.elsevier.com/locate/ecolet

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Keywords: Survey data Terrorism risk concern Time series Decomposition;

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References

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  8. Eckstein, Zvi & Tsiddon, Daniel, 2004. "Macroeconomic consequences of terror: theory and the case of Israel," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 971-1002, July.
  9. Viscusi, W Kip & O'Connor, Charles J, 1984. "Adaptive Responses to Chemical Labeling: Are Workers Bayesian Decision Makers?," American Economic Review, American Economic Association, vol. 74(5), pages 942-56, December.
  10. Smith, V. Kerry & Michaels, R. Gregory, 1987. "How did households interpret chernobyl? : A bayesian analysis of risk perceptions," Economics Letters, Elsevier, vol. 23(4), pages 359-364.
  11. Evans, William N & Viscusi, W Kip, 1991. "Estimation of State-Dependent Utility Functions Using Survey Data," The Review of Economics and Statistics, MIT Press, vol. 73(1), pages 94-104, February.
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Cited by:
  1. Olaf J. de Groot & Konstantinos Drakos & Cathérine Müller, 2011. "How Rational Is the Response of Individuals to the Threat of Terrorism in Europe?," EUSECON Policy Briefing 9, DIW Berlin, German Institute for Economic Research.
  2. Michael Brzoska & Raphael Bossong & Eric van Um, 2011. "Security Economics in the European Context: Implications of the EUSECON Project," Economics of Security Working Paper Series 58, DIW Berlin, German Institute for Economic Research.

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