Hostage taking: Understanding terrorism event dynamics
This paper employs advanced time series methods to identify the dynamic properties of three hostage taking series. The immediate and long run multipliers of three covariates--successful past negotiations, violent ends, and deaths--are identified. Each hostage series responds differently to the covariates. Past concessions have the strongest impact on generating future kidnapping events, supporting the conventional wisdom to abide by a stated no-concession policy. Each hostage series has different changepoints caused by a variety of circumstances. Skyjackings and kidnappings are negatively correlated, while skyjackings and other hostage events are positively correlated. Policy recommendations are offered.
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Cahiers de recherche
9807, Universite de Montreal, Departement de sciences economiques.
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- Carlos Pestana Barros & Luis Gil-Alana, 2006. "Eta: A Persistent Phenomenon," Defence and Peace Economics, Taylor & Francis Journals, vol. 17(2), pages 95-116.
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