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Security Economics: A Guide for Data Availability and Needs

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  • Konstantinos Drakos

Abstract

The rapid and accelerating development of security economics has generated great demand for more and better data to accommodate the empirical research agenda. The present paper serves as a guide to policy makers and researchers for security-related databases. The paper focuses on two main issues. Firstly, it takes stock of the existing databases, highlighting their main components and also performs a brief statistical comparison. Secondly, it discusses data shortages and needs that are considered essential for enhancing our understanding of the complex phenomenon of terrorism as well as designing and evaluating policy.

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File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.94892.de/diw_econsec0006.pdf
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Bibliographic Info

Paper provided by DIW Berlin, German Institute for Economic Research in its series Economics of Security Working Paper Series with number 6.

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Length: 30 p.
Date of creation: 2009
Date of revision:
Handle: RePEc:diw:diweos:diweos6

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References

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  1. S. Brock Blomberg & Gregory D. Hess & Athanasios Orphanides, 2004. "The Macroeconomic Consequences of Terrorism," CESifo Working Paper Series, CESifo Group Munich 1151, CESifo Group Munich.
  2. Jon Elster, 1998. "Emotions and Economic Theory," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 36(1), pages 47-74, March.
  3. Athanassiou, Emmanuel & Kollias, Christos & Syriopoulos, Theodore, 2006. "Dynamic volatility and external security related shocks: The case of the Athens Stock Exchange," Journal of International Financial Markets, Institutions and Money, Elsevier, Elsevier, vol. 16(5), pages 411-424, December.
  4. Nitsch, Volker & Schumacher, Dieter, 2004. "Terrorism and international trade: an empirical investigation," European Journal of Political Economy, Elsevier, Elsevier, vol. 20(2), pages 423-433, June.
  5. Benjamin E. Hermalin & Alice M. Isen, 2000. "The Effect of Affect on Economic and Strategic Decision Making," Method and Hist of Econ Thought, EconWPA 9912001, EconWPA.
  6. Chen, Andrew H. & Siems, Thomas F., 2004. "The effects of terrorism on global capital markets," European Journal of Political Economy, Elsevier, Elsevier, vol. 20(2), pages 349-366, June.
  7. Drakos, Konstantinos & Kutan, Ali M., 2001. "Regional effects of terrorism on tourism: Evidence from three Mediterranean countries," ZEI Working Papers, ZEI - Center for European Integration Studies, University of Bonn B 26-2001, ZEI - Center for European Integration Studies, University of Bonn.
  8. Alberto Abadie & Javier Gardeazabal, 2003. "The Economic Costs of Conflict: A Case Study of the Basque Country," American Economic Review, American Economic Association, American Economic Association, vol. 93(1), pages 113-132, March.
  9. Eldor, Rafi & Melnick, Rafi, 2004. "Financial markets and terrorism," European Journal of Political Economy, Elsevier, Elsevier, vol. 20(2), pages 367-386, June.
  10. Konstantinos Drakos, 2007. "The size of under-reporting bias in recorded transnational terrorist activity," Journal of the Royal Statistical Society Series A, Royal Statistical Society, Royal Statistical Society, vol. 170(4), pages 909-921.
  11. Abadie, Alberto & Gardeazabal, Javier, 2005. "Terrorism and the World Economy," DFAEII Working Papers 2005-19, University of the Basque Country - Department of Foundations of Economic Analysis II.
  12. Konstantinos Drakos & Nicholas Giannakopoulos, 2009. "An econometric analysis of counterterrorism effectiveness: the impact on life and property losses," Public Choice, Springer, Springer, vol. 139(1), pages 135-151, April.
  13. Drakos, Konstantinos, 2004. "Terrorism-induced structural shifts in financial risk: airline stocks in the aftermath of the September 11th terror attacks," European Journal of Political Economy, Elsevier, Elsevier, vol. 20(2), pages 435-446, June.
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Cited by:
  1. 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, DIW Berlin, German Institute for Economic Research 58, DIW Berlin, German Institute for Economic Research.
  2. Friedrich Schneider & Tilman Brück & Daniel Meierrieks, 2010. "The Economics of Terrorism and Counter-Terrorism: A Survey (Part II)," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research 1050, DIW Berlin, German Institute for Economic Research.
  3. Tim Krieger & Daniel Meierrieks, 2011. "What causes terrorism?," Public Choice, Springer, Springer, vol. 147(1), pages 3-27, April.
  4. Daniel Arce & Sneha Bakshi & Rachel Croson & Catherine Eckel & Enrique Fatas & Malcolm Kass, 2011. "Counterterrorism strategies in the lab," Public Choice, Springer, Springer, vol. 149(3), pages 465-478, December.

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