Terrorism & Its Impact On Foreign Flows: Lessons From Pakistan
AbstractHigh terrorist attack frequency and intensity in Pakistan provides a unique data to study the impact of terrorism on foreign inflows and trade. After 9/11, Pakistan has suffered from rapidly decreasing foreign inflows and a contraction in trade. The paper estimates the unit cost of a terrorist attack in terms of foreign inflows and international trade lost to be $51.92 million.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 42910.
Date of creation: 29 Nov 2012
Date of revision: 04 Dec 2012
Terrorism; trade; foreign inflows; unit cost;
Find related papers by JEL classification:
- F24 - International Economics - - International Factor Movements and International Business - - - Remittances
- C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
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- Clemente, Jesus & Montanes, Antonio & Reyes, Marcelo, 1998. "Testing for a unit root in variables with a double change in the mean," Economics Letters, Elsevier, vol. 59(2), pages 175-182, May.
- Tavares, Jose, 2004. "The open society assesses its enemies: shocks, disasters and terrorist attacks," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 1039-1070, July.
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