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Hybrid Threats As An Exogenous Economic Shock


  • Shteryo Nozharov



The aim of this study is to contribute to the theory of exogenous economic shocks and their equivalents in an attempt to explain business cycle fluctuations, which still do not have a clear explanation. To this end the author has developed an econometric model based on a regression analysis. Another objective is to tackle the issue of hybrid threats, which have not yet been subjected to a cross-disciplinary research. These were reviewed in terms of their economic characteristics in order to complement research in the fields of defence and security.

Suggested Citation

  • Shteryo Nozharov, 2019. "Hybrid Threats As An Exogenous Economic Shock," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 4 Year 20, pages 21-29.
  • Handle: RePEc:dat:earchi:y:2019:i:4:p:21-29

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    References listed on IDEAS

    1. Cederman, Lars-Erik & Hug, Simon & Schã„Del, Andreas & Wucherpfennig, Julian, 2015. "Territorial Autonomy in the Shadow of Conflict: Too Little, Too Late?," American Political Science Review, Cambridge University Press, vol. 109(2), pages 354-370, May.
    2. Siyan Chen & Norman V. Loayza & Marta Reynal-Querol, 2008. "The Aftermath of Civil War," World Bank Economic Review, World Bank Group, vol. 22(1), pages 63-85, February.
    3. Sergei Guriev & Nikita Melnikov, 2016. "War, Inflation, and Social Capital," American Economic Review, American Economic Association, vol. 106(5), pages 230-235, May.
    4. 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.
    5. Daniel Meierrieks & Thomas Gries, 2013. "Causality between terrorism and economic growth," Journal of Peace Research, Peace Research Institute Oslo, vol. 50(1), pages 91-104, January.
    6. Cederman, Lars-Erik & Hug, Simon & Schã„Del, Andreas & Wucherpfennig, Julian, 2015. "Territorial Autonomy in the Shadow of Conflict: Too Little, Too Late?—ERRATUM," American Political Science Review, Cambridge University Press, vol. 109(3), pages 635-635, August.
    7. Alberto Abadie & Javier Gardeazabal, 2003. "The Economic Costs of Conflict: A Case Study of the Basque Country," American Economic Review, American Economic Association, vol. 93(1), pages 113-132, March.
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    More about this item


    hybrid threats; business cycle; economic growth; hybrid wars;

    JEL classification:

    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • P47 - Economic Systems - - Other Economic Systems - - - Performance and Prospects
    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General


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