IDEAS home Printed from https://ideas.repec.org/p/diw/diweos/diweos44.html
   My bibliography  Save this paper

The Economics of Terrorism and Counter-Terrorism: A Survey (Part I)

Author

Listed:
  • Friedrich Schneider
  • Tilman Brück
  • Daniel Meierrieks

Abstract

This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences of terrorism and we demonstrate why it is important to regarding of the issue of counter-terrorism policy. Moreover the survey presents the existing knowledge on the interrelation between the economy and the issue of security and it incorporates analysis the level of knowledge about the causal chains between security and the economy. Also it focuses on perspective and methodologies from the discipline of economics but also refers to research from related disciplines (sociology, political science). It also assembles the knowledge on the impact of terrorism on the economy as reflected in macro-economic variables and its impact on specific sectors. Furthermore it assesses how potential an actual terrorist event determine consumer and producer behaviour, public policy, as well as terrorist responses to these policies. Finally a European perspective on the terrorism security annexes is discussed and here we analyze the causes of terrorism in Europe.

Suggested Citation

  • Friedrich Schneider & Tilman Brück & Daniel Meierrieks, 2011. "The Economics of Terrorism and Counter-Terrorism: A Survey (Part I)," Economics of Security Working Paper Series 44, DIW Berlin, German Institute for Economic Research.
  • Handle: RePEc:diw:diweos:diweos44
    as

    Download full text from publisher

    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.372923.de/diw_econsec0044.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. David L. Hummels & Georg Schaur, 2013. "Time as a Trade Barrier," American Economic Review, American Economic Association, vol. 103(7), pages 2935-2959, December.
    2. Jean-Paul Azam & Véronique Thelen, 2008. "The roles of foreign aid and education in the war on terror," Public Choice, Springer, vol. 135(3), pages 375-397, June.
    3. Peter Bernholz, 2006. "International political system, supreme values and terrorism," Public Choice, Springer, vol. 128(1), pages 221-231, July.
    4. repec:bla:jcmkts:v:46:y:2008:i::p:75-100 is not listed on IDEAS
    5. Gupta, Sanjeev & Clements, Benedict & Bhattacharya, Rina & Chakravarti, Shamit, 2004. "Fiscal consequences of armed conflict and terrorism in low- and middle-income countries," European Journal of Political Economy, Elsevier, vol. 20(2), pages 403-421, June.
    6. Bruno S. Frey & Simon Luechinger & Alois Stutzer, 2007. "Calculating Tragedy: Assessing The Costs Of Terrorism," Journal of Economic Surveys, Wiley Blackwell, vol. 21(1), pages 1-24, February.
    7. Thomas Gries & Tim Krieger & Daniel Meierrieks, 2011. "Causal Linkages Between Domestic Terrorism and Economic Growth," Defence and Peace Economics, Taylor & Francis Journals, vol. 22(5), pages 493-508, June.
    8. Asaf Zussman & Noam Zussman, 2006. "Assassinations: Evaluating the Effectiveness of an Israeli Counterterrorism Policy Using Stock Market Data," Journal of Economic Perspectives, American Economic Association, vol. 20(2), pages 193-206, Spring.
    9. Berrebi, Claude & Klor, Esteban F., 2008. "Are Voters Sensitive to Terrorism? Direct Evidence from the Israeli Electorate," American Political Science Review, Cambridge University Press, vol. 102(3), pages 279-301, August.
    10. Keefer,Philip & Loayza,Norman (ed.), 2008. "Terrorism, Economic Development, and Political Openness," Cambridge Books, Cambridge University Press, number 9780521887588, October.
    11. Brown, Jeffrey R. & Cummins, J. David & Lewis, Christopher M. & Wei, Ran, 2004. "An empirical analysis of the economic impact of federal terrorism reinsurance," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 861-898, July.
    12. Tilman Bruck, 2005. "An Economic Analysis Of Security Policies," Defence and Peace Economics, Taylor & Francis Journals, vol. 16(5), pages 375-389.
    13. Aliza Fleischer & Steven Buccola, 2002. "War, terror, and the tourism market in Israel," Applied Economics, Taylor & Francis Journals, vol. 34(11), pages 1335-1343.
    14. Dreher, Axel & Fischer, Justina AV, 2007. "Decentralization as a disincentive for transnational terror? An empirical test," SSE/EFI Working Paper Series in Economics and Finance 686, Stockholm School of Economics.
    15. Todd Sandler & Kevin Siqueira, 2006. "Global terrorism: deterrence versus pre-emption," Canadian Journal of Economics, Canadian Economics Association, vol. 39(4), pages 1370-1387, November.
    16. Blomberg, S. Brock & Hess, Gregory D. & Weerapana, Akila, 2004. "Economic conditions and terrorism," European Journal of Political Economy, Elsevier, vol. 20(2), pages 463-478, June.
    17. Claude Berrebi & Darius Lakdawalla, 2007. "How Does Terrorism Risk Vary Across Space And Time? An Analysis Based On The Israeli Experience," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(2), pages 113-131.
    18. Peter Hilsenrath, 2005. "Health Policy As Counter-Terrorism: Health Services And The Palestinians," Defence and Peace Economics, Taylor & Francis Journals, vol. 16(5), pages 365-374.
    19. Loayza, Norman, 2004. "Comment on: "The open society assesses its enemies: shocks, disasters and terrorist attacks"," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 1071-1075, July.
    20. Bruno S. Frey & Simon Luechinger, 2008. "Three Strategies To Deal With Terrorism," Economic Papers, The Economic Society of Australia, vol. 27(2), pages 107-114, June.
    21. Alberto Abadie, 2006. "Poverty, Political Freedom, and the Roots of Terrorism," American Economic Review, American Economic Association, vol. 96(2), pages 50-56, May.
    22. Cowan, Robin & Foray, Dominique, 1995. "Quandaries in the economics of dual technologies and spillovers from military to civilian research and development," Research Policy, Elsevier, vol. 24(6), pages 851-868, November.
    23. Konstantinos Drakos, 2011. "Security Economics: A Guide For Data Availability And Needs," Defence and Peace Economics, Taylor & Francis Journals, vol. 22(2), pages 147-159.
    24. Walter Enders & Todd Sandler, 1996. "Terrorism and Foreign Direct Investment in Spain and Greece," Kyklos, Wiley Blackwell, vol. 49(3), pages 331-352, August.
    25. Klor, Esteban & Berrebi, Claude, 2005. "The Impact of Terrorism Across Industries: An Empirical Study," CEPR Discussion Papers 5360, C.E.P.R. Discussion Papers.
    26. Indridi H. Indridason, 2008. "Does Terrorism Influence Domestic Politics? Coalition Formation and Terrorist Incidents," Journal of Peace Research, Peace Research Institute Oslo, vol. 45(2), pages 241-259, March.
    27. Axel Dreher & Martin Gassebner & Lars-H.R. Siemers, 2007. "Does Terror Threaten Human Rights? Evidence from Panel Data," KOF Working papers 07-156, KOF Swiss Economic Institute, ETH Zurich.
    28. Bruno S. Frey & Simon Luechinger & Alois Stutzer, "undated". "Valuing Public Goods: The Life Satisfaction Approach," IEW - Working Papers 184, Institute for Empirical Research in Economics - University of Zurich.
    29. Jean-Michel Josselin & Alain Marciano, 2005. "Law and the State : a political economy approach," Post-Print halshs-00103718, HAL.
    30. Tim Krieger & Daniel Meierrieks, 2010. "Terrorism in the Worlds of Welfare Capitalism," Journal of Conflict Resolution, Peace Science Society (International), vol. 54(6), pages 902-939, December.
    31. Tim Krieger & Daniel Meierrieks, 2011. "What causes terrorism?," Public Choice, Springer, vol. 147(1), pages 3-27, April.
    32. Alex Braithwaite & QUAN LI, 2007. "Transnational Terrorism Hot Spots: Identification and Impact Evaluation," Conflict Management and Peace Science, Peace Science Society (International), vol. 24(4), pages 281-296, September.
    33. David Fielding, 2003. "Investment, employment, and political conflict in Northern Ireland," Oxford Economic Papers, Oxford University Press, vol. 55(3), pages 512-535, July.
    34. 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.
    35. 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, vol. 20(2), pages 435-446, June.
    36. Chien-Chiang Lee & Chun-Ping Chang, 2006. "The Long-Run Relationship Between Defence Expenditures And Gdp In Taiwan," Defence and Peace Economics, Taylor & Francis Journals, vol. 17(4), pages 361-385.
    37. Eldor, Rafi & Melnick, Rafi, 2004. "Financial markets and terrorism," European Journal of Political Economy, Elsevier, vol. 20(2), pages 367-386, June.
    38. Bruno S. Frey & Simon Luechinger, "undated". "Terrorism: Deterrence May Backfire," IEW - Working Papers 136, Institute for Empirical Research in Economics - University of Zurich.
    39. Jeffrey P. Cohen & Cletus C. Coughlin & Sarosh R. Khan, 2002. "Aviation security and terrorism: a review of the economic issues," Review, Federal Reserve Bank of St. Louis, vol. 84(Sep), pages 9-24.
    40. Patrick Lenain & Marcos Bonturi & Vincent Koen, 2002. "The Economic Consequences of Terrorism," OECD Economics Department Working Papers 334, OECD Publishing.
    41. Glaeser, Edward L. & Shapiro, Jesse M., 2002. "Cities and Warfare: The Impact of Terrorism on Urban Form," Journal of Urban Economics, Elsevier, vol. 51(2), pages 205-224, March.
    42. Pape, Robert A., 2003. "The Strategic Logic of Suicide Terrorism," American Political Science Review, Cambridge University Press, vol. 97(3), pages 343-361, August.
    43. Efraim Benmelech & Claude Berrebi, 2007. "Human Capital and the Productivity of Suicide Bombers," Journal of Economic Perspectives, American Economic Association, vol. 21(3), pages 223-238, Summer.
    44. Peter Kurrild-Klitgaard & Mogens Justesen & Robert Klemmensen, 2006. "The political economy of freedom, democracy and transnational terrorism," Public Choice, Springer, vol. 128(1), pages 289-315, July.
    45. 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.
    46. Alan B. Krueger & Jitka Maleckova, 2003. "Education, Poverty and Terrorism: Is There a Causal Connection?," Journal of Economic Perspectives, American Economic Association, vol. 17(4), pages 119-144, Fall.
    47. Benedikt Goderis & Mila Versteeg, 2012. "Human Rights Violations after 9/11 and the Role of Constitutional Constraints," The Journal of Legal Studies, University of Chicago Press, vol. 41(1), pages 131-164.
    48. Mete Feridun & Selami Sezgin, 2008. "Regional Underdevelopment And Terrorism: The Case Of South Eastern Turkey," Defence and Peace Economics, Taylor & Francis Journals, vol. 19(3), pages 225-233.
    49. Bruno S. Frey & Simon Luechinger, 2005. "Measuring terrorism," Chapters, in: Alain Marciano & Jean-Michel Josselin (ed.), Law and the State, chapter 6, Edward Elgar Publishing.
    50. Tony Addison & Mansoob Murshed, 2005. "Transnational terrorism as a spillover of domestic disputes in other countries," Defence and Peace Economics, Taylor & Francis Journals, vol. 16(2), pages 69-82.
    51. Viscusi, W Kip & Aldy, Joseph E, 2003. "The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World," Journal of Risk and Uncertainty, Springer, vol. 27(1), pages 5-76, August.
    52. Alain Marciano & Jean-Michel Josselin (ed.), 2005. "Law and the State," Books, Edward Elgar Publishing, number 3398.
    53. Sandler, Todd & Enders, Walter, 2004. "An economic perspective on transnational terrorism," European Journal of Political Economy, Elsevier, vol. 20(2), pages 301-316, June.
    54. Jason Bram & James A. Orr & Carol Rapaport, 2002. "Measuring the effects of the September 11 attack on New York City," Economic Policy Review, Federal Reserve Bank of New York, vol. 8(Nov), pages 5-20.
    55. Prakarsh Singh, 2013. "Impact of Terrorism on Investment Decisions of Farmers," Journal of Conflict Resolution, Peace Science Society (International), vol. 57(1), pages 143-168, February.
    56. Krueger, Alan B., 2008. "What makes a homegrown terrorist? Human capital and participation in domestic Islamic terrorist groups in the U.S.A," Economics Letters, Elsevier, vol. 101(3), pages 293-296, December.
    57. repec:bla:jcmkts:v:46:y:2008:i::p:125-146 is not listed on IDEAS
    58. FitzGerald, Valpy, 2004. "Global financial information, compliance incentives and terrorist funding," European Journal of Political Economy, Elsevier, vol. 20(2), pages 387-401, June.
    59. Jo Beall & Thomas Goodfellow & James Putzel, 2006. "Introductory article: on the discourse of terrorism, security and development," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(1), pages 51-67.
    60. Konstantinos Drakos & Andreas Gofas, 2006. "In Search Of The Average Transnational Terrorist Attack Venue," Defence and Peace Economics, Taylor & Francis Journals, vol. 17(2), pages 73-93.
    61. Nauro F. Campos & Martin Gassebner, 2009. "International terrorism, political instability and the escalation effect," KOF Working papers 09-220, KOF Swiss Economic Institute, ETH Zurich.
    62. repec:bla:jcmkts:v:46:y:2008:i::p:173-193 is not listed on IDEAS
    63. Bruno S. Frey & Dominic Rohner, 2007. "Protecting Cultural Monuments Against Terrorism," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(3), pages 245-252.
    64. Abadie, Alberto & Dermisi, Sofia, 2008. "Is terrorism eroding agglomeration economies in Central Business Districts? Lessons from the office real estate market in downtown Chicago," Journal of Urban Economics, Elsevier, vol. 64(2), pages 451-463, September.
    65. Bryan Caplan, 2006. "Terrorism: The relevance of the rational choice model," Public Choice, Springer, vol. 128(1), pages 91-107, July.
    66. Bruno S. Frey & Simon Luechinger, "undated". "How to Fight Terrorism: Alternatives to Deterrence," IEW - Working Papers 137, Institute for Empirical Research in Economics - University of Zurich.
    67. Gassebner, Martin & Jong-A-Pin, Richard & Mierau, Jochen O., 2008. "Terrorism and electoral accountability: One strike, you're out!," Economics Letters, Elsevier, vol. 100(1), pages 126-129, July.
    68. Tavares, José & Llussá, Fernanda, 2007. "Economics and Terrorism: What We Know, What We Should Know and the Data We Need," CEPR Discussion Papers 6509, C.E.P.R. Discussion Papers.
    69. Walter Enders & Todd Sandler & Gerald F. Parise, 1992. "An Econometric Analysis of the Impact of Terrorism on Tourism," Kyklos, Wiley Blackwell, vol. 45(4), pages 531-554, November.
    70. Alan B. Krueger, 2008. "What Makes a Homegrown Terrorist? Human Capital and Participation in Domestic Islamic Terrorist Groups in the U.S.A," Working Papers 1094, Princeton University, Department of Economics, Industrial Relations Section..
    71. Jean‐Paul Azam & Alexandra Delacroix, 2006. "Aid and the Delegated Fight Against Terrorism," Review of Development Economics, Wiley Blackwell, vol. 10(2), pages 330-344, May.
    72. Becker, Gary S. & Rubinstein, Yona, 2011. "Fear and the response to terrorism: an economic analysis," LSE Research Online Documents on Economics 121740, London School of Economics and Political Science, LSE Library.
    73. Konstantinos Drakos & Ali M. Kutan, 2003. "Regional Effects of Terrorism on Tourism in Three Mediterranean Countries," Journal of Conflict Resolution, Peace Science Society (International), vol. 47(5), pages 621-641, October.
    74. Eli Berman & David Laitin, 2005. "Hard Targets: Theory and Evidence on Suicide Attacks," NBER Working Papers 11740, National Bureau of Economic Research, Inc.
    75. Charles Anderton & John Carter, 2005. "On Rational Choice Theory And The Study Of Terrorism," Defence and Peace Economics, Taylor & Francis Journals, vol. 16(4), pages 275-282.
    76. Fischhoff, Baruch & Gonzalez, Roxana M. & Small, Deborah A. & Lerner, Jennifer S., 2003. "Judged Terror Risk and Proximity to the World Trade Center," Journal of Risk and Uncertainty, Springer, vol. 26(2-3), pages 137-151, March-May.
    77. repec:bla:jcmkts:v:46:y:2008:i::p:27-48 is not listed on IDEAS
    78. Frey, Bruno S. & Luechinger, Simon, 2004. "Decentralization as a disincentive for terror," European Journal of Political Economy, Elsevier, vol. 20(2), pages 509-515, June.
    79. Jean-Paul Azam, 2005. "Suicide-bombing as inter-generational investment," Public Choice, Springer, vol. 122(1), pages 177-198, January.
    80. Asaf Zussman & Noam Zussman & Morten Ørregaard Nielsen, 2008. "Asset Market Perspectives on the Israeli–Palestinian Conflict," Economica, London School of Economics and Political Science, vol. 75(297), pages 84-115, February.
    81. Chen, Andrew H. & Siems, Thomas F., 2004. "The effects of terrorism on global capital markets," European Journal of Political Economy, Elsevier, vol. 20(2), pages 349-366, June.
    82. Daniel G. Arce M. & Todd Sandler, 2003. "An Evolutionary Game Approach to Fundamentalism and Conflict," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 159(1), pages 132-154, March.
    83. Axel Dreher & Justina Fischer, 2008. "Decentralization as a disincentive for transnational terror? System stability versus government efficiency: an empirical test," TWI Research Paper Series 41, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
    84. repec:bla:jcmkts:v:46:y:2008:i::p:147-171 is not listed on IDEAS
    85. Limao, Nuno & Venables, Anthony J., 1999. "Infrastructure, geographical disadvantage, and transport costs," Policy Research Working Paper Series 2257, The World Bank.
    86. Chari, V. V., 2004. "Comment on: "An empirical analysis of the economic impact of federal terrorism reinsurance"," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 899-902, July.
    87. Ito, Harumi & Lee, Darin, 2005. "Assessing the impact of the September 11 terrorist attacks on U.S. airline demand," Journal of Economics and Business, Elsevier, vol. 57(1), pages 75-95.
    88. 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.
    89. Abadie, Alberto & Gardeazabal, Javier, 2008. "Terrorism and the world economy," European Economic Review, Elsevier, vol. 52(1), pages 1-27, January.
    90. Cukierman, Alex, 2004. "Comment on: "Macroeconomic consequences of terror: theory and the case of Israel"," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 1003-1006, July.
    91. Axel Dreher & Justina A.V. Fischer, 2008. "Decentralization as a Disincentive for Transnational Terror?," KOF Working papers 08-185, KOF Swiss Economic Institute, ETH Zurich.
    92. Ian Bellany, 2007. "Terrorism: Facts From Figures," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(2), pages 101-112.
    93. Nitsch, Volker & Schumacher, Dieter, 2004. "Terrorism and international trade: an empirical investigation," European Journal of Political Economy, Elsevier, vol. 20(2), pages 423-433, June.
    94. Wintrobe,Ronald, 2012. "Rational Extremism," Cambridge Books, Cambridge University Press, number 9781107407220, September.
    95. Dreher, Axel & Gassebner, Martin, 2008. "Does political proximity to the U.S. cause terror?," Economics Letters, Elsevier, vol. 99(1), pages 27-29, April.
    96. Brown, Jeffrey R. & Kroszner, Randall S. & Jenn, Brian H., 2002. "Federal Terrorism Risk Insurance," National Tax Journal, National Tax Association;National Tax Journal, vol. 55(3), pages 647-657, September.
    97. S. Brock Blomberg & Gregory D. Hess, 2006. "How Much Does Violence Tax Trade?," The Review of Economics and Statistics, MIT Press, vol. 88(4), pages 599-612, November.
    98. Nicole Crain & W. Crain, 2006. "Terrorized economies," Public Choice, Springer, vol. 128(1), pages 317-349, July.
    99. Khusrav Gaibulloev & Todd Sandler, 2008. "Growth Consequences of Terrorism in Western Europe," Kyklos, Wiley Blackwell, vol. 61(3), pages 411-424, August.
    100. Harold Caplan, 2003. "War and Terrorism Insurance: Plans for Long-term International Stability and Affordability*," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 28(3), pages 426-447, July.
    101. Carlos Pestana Barros, 2003. "An intervention analysis of terrorism: The spanish eta case," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(6), pages 401-412.
    102. Mirza, Daniel & Verdier, Thierry, 2008. "International trade, security and transnational terrorism: Theory and a survey of empirics," Journal of Comparative Economics, Elsevier, vol. 36(2), pages 179-194, June.
    103. Raphael Bossong, 2008. "The Action Plan on Combating Terrorism: A Flawed Instrument of EU Security Governance," Journal of Common Market Studies, Wiley Blackwell, vol. 46(1), pages 27-48, January.
    104. repec:bla:kyklos:v:49:y:1996:i:3:p:331-52 is not listed on IDEAS
    105. Arin, K. Peren & Ciferri, Davide & Spagnolo, Nicola, 2008. "The price of terror: The effects of terrorism on stock market returns and volatility," Economics Letters, Elsevier, vol. 101(3), pages 164-167, December.
    106. Alan B. Krueger, 2007. "Introduction to What Makes a Terrorist: Economics and the Roots of Terrorism," Introductory Chapters, in: What Makes a Terrorist: Economics and the Roots of Terrorism, Princeton University Press.
    107. Cauley, Jon & Im, Eric Iksoon, 1988. "Intervention Policy Analysis of Skyjackings and Other Terrorist Incidents," American Economic Review, American Economic Association, vol. 78(2), pages 27-31, May.
    108. Blomberg, S. Brock & Hess, Gregory D. & Orphanides, Athanasios, 2004. "The macroeconomic consequences of terrorism," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 1007-1032, July.
    109. Erwann Michel‐Kerjan & Burkhard Pedell, 2006. "How Does the Corporate World Cope with Mega‐Terrorism? Puzzling Evidence from Terrorism Insurance Markets," Journal of Applied Corporate Finance, Morgan Stanley, vol. 18(4), pages 61-75, September.
    110. Kunreuther, Howard & Heal, Geoffrey, 2003. "Interdependent Security," Journal of Risk and Uncertainty, Springer, vol. 26(2-3), pages 231-249, March-May.
    111. Dominic Rohner & Bruno Frey, 2007. "Blood and ink! The common-interest-game between terrorists and the media," Public Choice, Springer, vol. 133(1), pages 129-145, October.
    112. Carlos Pestana Barros & Isabel Proenca & Joao Ricardo Faria & Luis Gil-Alana, 2007. "Are Usa Citizens At Risk Of Terrorism In Europe?," Defence and Peace Economics, Taylor & Francis Journals, vol. 18(6), pages 495-507.
    113. Garrick Blalock & Vrinda Kadiyali & Daniel H. Simon, 2007. "The Impact of Post-9/11 Airport Security Measures on the Demand for Air Travel," Journal of Law and Economics, University of Chicago Press, vol. 50(4), pages 731-755.
    114. Cummins, J. David & Doherty, Neil & Lo, Anita, 2002. "Can insurers pay for the "big one"? Measuring the capacity of the insurance market to respond to catastrophic losses," Journal of Banking & Finance, Elsevier, vol. 26(2-3), pages 557-583, March.
    115. Adriana Camacho, 2008. "Stress and Birth Weight: Evidence from Terrorist Attacks," American Economic Review, American Economic Association, vol. 98(2), pages 511-515, May.
    116. repec:reg:rpubli:282 is not listed on IDEAS
    117. Bruck, Tilman & Wickstrom, Bengt-Arne, 2004. "The economic consequences of terror: guest editors' introduction," European Journal of Political Economy, Elsevier, vol. 20(2), pages 293-300, June.
    118. Llussá, Fernanda & Tavares, José, 2011. "Which terror at which cost? On the economic consequences of terrorist attacks," Economics Letters, Elsevier, vol. 110(1), pages 52-55, January.
    119. Bart Hobijn, 2002. "What will homeland security cost?," Economic Policy Review, Federal Reserve Bank of New York, vol. 8(Nov), pages 21-33.
    120. Richard Kirk, 1983. "Political terrorism and the size of government: A positive institutional analysis of violent political activity," Public Choice, Springer, vol. 40(1), pages 41-52, January.
    121. Graham Bird & S. Brock Blomberg & Gregory D. Hess, 2008. "International Terrorism: Causes, Consequences and Cures," The World Economy, Wiley Blackwell, vol. 31(2), pages 255-274, February.
    122. Sunstein, Cass R, 2003. "Terrorism and Probability Neglect," Journal of Risk and Uncertainty, Springer, vol. 26(2-3), pages 121-136, March-May.
    123. Ethan Bueno De Mesquita, 2005. "The Quality of Terror," American Journal of Political Science, John Wiley & Sons, vol. 49(3), pages 515-530, July.
    124. Drakos, Konstantinos & Kutan, Ali M., 2001. "Regional effects of terrorism on tourism: Evidence from three Mediterranean countries," ZEI Working Papers B 26-2001, University of Bonn, ZEI - Center for European Integration Studies.
    125. repec:bla:kyklos:v:45:y:1992:i:4:p:531-54 is not listed on IDEAS
    126. Bahar Araz-Takay & K. Peren Arin & Tolga Omay, 2009. "The Endogenous And Non-Linear Relationship Between Terrorism And Economic Performance: Turkish Evidence," Defence and Peace Economics, Taylor & Francis Journals, vol. 20(1), pages 1-10.
    127. Rafael Llorca-Vivero, 2008. "Terrorism And International Tourism: New Evidence," Defence and Peace Economics, Taylor & Francis Journals, vol. 19(2), pages 169-188.
    128. Berrebi Claude, 2007. "Evidence about the Link Between Education, Poverty and Terrorism among Palestinians," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 13(1), pages 18-53, December.
    129. Claude Berrebi & Esteban F. Klor, 2008. "Are Voters Sensitive to Terrorism?: Direct Evidence from the Israeli Electorate," Working Papers 477-1, RAND Corporation.
    130. Atin Basuchoudhary & William Shughart, 2010. "On Ethnic Conflict And The Origins Of Transnational Terrorism," Defence and Peace Economics, Taylor & Francis Journals, vol. 21(1), pages 65-87.
    131. Lee, Dwight R, 1988. "Free Riding and Paid Riding in the Fight against Terrorism," American Economic Review, American Economic Association, vol. 78(2), pages 22-26, May.
    132. Peter Phillips, 2005. "The 'Price' Of Terrorism," Defence and Peace Economics, Taylor & Francis Journals, vol. 16(6), pages 403-414.
    133. Regina Heller, 2009. "Notions of Insecurity and Security Policy within the EU: A Historical Perspective," Economics of Security Working Paper Series 4, DIW Berlin, German Institute for Economic Research.
    134. Martin Neil Baily, 2001. "Economic Policy Following the Terrorist Attacks," Policy Briefs PB01-10, Peterson Institute for International Economics.
    135. repec:bla:jcmkts:v:46:y:2008:i::p:101-124 is not listed on IDEAS
    136. Hummels, David, 2001. "Time As A Trade Barrier," Working papers 28701, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    137. Bruno Frey & Simon Luechinger & Alois Stutzer, 2009. "The life satisfaction approach to valuing public goods: The case of terrorism," Public Choice, Springer, vol. 138(3), pages 317-345, March.
    138. Sandler, Todd & Lapan, Harvey E., 1988. "The Calculus of Dissent: An Analysis of Terrorists' Choice of Targets," Staff General Research Papers Archive 10818, Iowa State University, Department of Economics.
    139. Cummins, J David & Lewis, Christopher M, 2003. "Catastrophic Events, Parameter Uncertainty and the Breakdown of Implicit Long-Term Contracting: The Case of Terrorism Insurance," Journal of Risk and Uncertainty, Springer, vol. 26(2-3), pages 153-178, March-May.
    140. Mark Harrison, 2006. "An Economist Looks at Suicide Terrorism," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 7(3), pages 1-15, July.
    141. Viscusi, W Kip & Zeckhauser, Richard J, 2003. "Sacrificing Civil Liberties to Reduce Terrorism Risks," Journal of Risk and Uncertainty, Springer, vol. 26(2-3), pages 99-120, March-May.
    142. Walter Enders & Yu Liu & Ruxandra Prodan, 2009. "Forecasting Series Containing Offsetting Breaks: Old School And New School Methods Of Forecasting Transnational Terrorism," Defence and Peace Economics, Taylor & Francis Journals, vol. 20(6), pages 441-463.
    143. Ziv Naor, 2006. "Untimely Death, The Value Of Certain Lifetime And Macroeconomic Dynamics," Defence and Peace Economics, Taylor & Francis Journals, vol. 17(4), pages 343-359.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mario Gilli & Paolo Tedeschi, 2020. "European Union and Transnational Terrorism. A Normative Analysis of Strategic Spillovers," Working Papers 437, University of Milano-Bicocca, Department of Economics, revised Mar 2020.
    2. Kis-Katos, Krisztina & Liebert, Helge & Schulze, Günther G., 2014. "On the heterogeneity of terror," European Economic Review, Elsevier, vol. 68(C), pages 116-136.
    3. Schneider, Friedrich, 2010. "The (Hidden) Financial Flows of Terrorist and Organized Crime Organizations: A Literature Review and Some Preliminary Empirical Results," IZA Discussion Papers 4860, Institute of Labor Economics (IZA).
    4. Caruso, Raul & Schneider, Friedrich, 2011. "The socio-economic determinants of terrorism and political violence in Western Europe (1994–2007)," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 37-49.
    5. Syed Hasanat Shah & Hafsa Hasnat & Mohsin Hasnain Ahmad, 2016. "The Effects of the Human Cost of Terror on National Income, Private Consumption and Investment in Pakistan," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 17(2), pages 216-235, September.
    6. Eric van Um & Daniela Pisoiu, 2011. "Counterterrorism - Does It Work?," EUSECON Policy Briefing 13, DIW Berlin, German Institute for Economic Research.
    7. Gina Ionela Butnaru & Marilena Mironiuc & Carmen Huian & Alina Petronela Haller, 2018. "Analysis of Economic Growth in Tourism Under the Impact of Terrorism and of the Waves of Refugees," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(S12), pages 885-885, November.
    8. Ismail, Aisha & Amjad, Shehla, 2014. "Determinants of terrorism in Pakistan: An empirical investigation," Economic Modelling, Elsevier, vol. 37(C), pages 320-331.
    9. Stefan Haigner & Friedrich Schneider & Florian Wakolbinger, 2012. "Combating Money Laundering and the Financing of Terrorism: A Survey," Economics of Security Working Paper Series 65, DIW Berlin, German Institute for Economic Research.
    10. Hendel, Ulrich, 2012. ""Look like the innocent flower, but be the serpent under't": Mimicking behaviour of growth-oriented terrorist organizations," Discussion Papers in Economics 13998, University of Munich, Department of Economics.
    11. Ruiz Estrada, Mario Arturo & Koutronas, Evangelos, 2016. "Terrorist attack assessment: Paris November 2015 and Brussels March 2016," Journal of Policy Modeling, Elsevier, vol. 38(3), pages 553-571.
    12. Kis-Katos, Krisztina & Liebert, Helge & Schulze, Günther G., 2011. "On the origin of domestic and international terrorism," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 17-36.
    13. Brück, Tilman & Llussá, Fernanda & Tavares, José A., 2011. "Entrepreneurship: The role of extreme events," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 78-88.
    14. 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.
    15. Adam, Antonis & Tsavou, Evi, 2020. "One strike and you’re out! Dictators’ fate in the aftermath of terrorism," MPRA Paper 103772, University Library of Munich, Germany, revised 2020.
    16. Elu Juliet U. & Price Gregory N., 2012. "Remittances and the Financing of Terrorism In Sub-Saharan Africa: 1974 - 2006," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 18(1), pages 1-42, July.
    17. Michel-Kerjan, Erwann & Raschky, Paul A., 2011. "The effects of government intervention on the market for corporate terrorism insurance," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 122-132.
    18. Nicola, Brugali & Paolo, Buonanno & Mario, Gilli, 2018. "Political Regimes and the Determinants of Terrorism and Counter-terrorism," Working Papers 384, University of Milano-Bicocca, Department of Economics, revised 13 Jul 2018.
    19. Friedrich Schneider & Raul Caruso, 2011. "The (Hidden) Financial Flows of Terrorist and Transnational Crime Organizations: A Literature Review and Some Preliminary Empirical Results," Economics of Security Working Paper Series 52, DIW Berlin, German Institute for Economic Research.
    20. Brück, Tilman & Schneider, Friedrich, 2011. "Terror and human insecurity: Editorial introduction," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 1-4.
    21. Zahid Shahab Ahmed & Farooq Yousaf & Khan Zeb, 2018. "Socio-economic and Political Determinants of Terrorism in Pakistan," International Studies, , vol. 55(2), pages 130-145, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Freytag, Andreas & Krüger, Jens J. & Meierrieks, Daniel & Schneider, Friedrich, 2011. "The origins of terrorism: Cross-country estimates of socio-economic determinants of terrorism," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 5-16.
    2. Tim Krieger & Daniel Meierrieks, 2011. "What causes terrorism?," Public Choice, Springer, vol. 147(1), pages 3-27, April.
    3. Kis-Katos, Krisztina & Liebert, Helge & Schulze, Günther G., 2014. "On the heterogeneity of terror," European Economic Review, Elsevier, vol. 68(C), pages 116-136.
    4. Bruno S. Frey & Simon Luechinger & Alois Stutzer, 2007. "Calculating Tragedy: Assessing The Costs Of Terrorism," Journal of Economic Surveys, Wiley Blackwell, vol. 21(1), pages 1-24, February.
    5. Friedrich Schneider & Tilman Brück & Daniel Meierrieks, 2015. "The Economics Of Counterterrorism: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 29(1), pages 131-157, February.
    6. Martin Gassebner & Simon Luechinger, 2011. "Lock, stock, and barrel: a comprehensive assessment of the determinants of terror," Public Choice, Springer, vol. 149(3), pages 235-261, December.
    7. Gustavo Canavire-Bacarreza & Alejandra Montoya-Agudelo & Felipe Bedoya-Maya, 2017. "An Uphill Battle: The Relationship Between Geography and Terrorism," Documentos de Trabajo de Valor Público 15759, Universidad EAFIT.
    8. Thomas Gries & Tim Krieger & Daniel Meierrieks, 2011. "Causal Linkages Between Domestic Terrorism and Economic Growth," Defence and Peace Economics, Taylor & Francis Journals, vol. 22(5), pages 493-508, June.
    9. Tim Krieger & Daniel Meierrieks, 2009. "Armut, Ungleichheit, wirtschaftliche Schwäche?: Empirische Evidenz und methodische Herausforderungen zum Zusammenhang von Ökonomie und Terrorismus," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 78(4), pages 29-40.
    10. Shahbaz, Muhammad & Shabbir, Muhammad Shahbaz & Malik, Muhammad Nasir & Wolters, Mark Edward, 2013. "An analysis of a causal relationship between economic growth and terrorism in Pakistan," Economic Modelling, Elsevier, vol. 35(C), pages 21-29.
    11. Friedrich Schneider, 2009. "Die Finanzströme von organisierter Kriminalität und Terrorismus: was wissen wir (nicht)?," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 78(4), pages 73-87.
    12. Kis-Katos, Krisztina & Liebert, Helge & Schulze, Günther G., 2011. "On the origin of domestic and international terrorism," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 17-36.
    13. Friedrich Schneider & Raul Caruso, 2011. "The (Hidden) Financial Flows of Terrorist and Transnational Crime Organizations: A Literature Review and Some Preliminary Empirical Results," Economics of Security Working Paper Series 52, DIW Berlin, German Institute for Economic Research.
    14. William F. Shughart, 2011. "Terrorism in Rational Choice Perspective," Chapters, in: Christopher J. Coyne & Rachel L. Mathers (ed.), The Handbook on the Political Economy of War, chapter 8, Edward Elgar Publishing.
    15. Muhammad, Shahbaz & Muhammad, Nasir Malik & Muhammad, Shahbaz Shabbir, 2011. "Does economic growth cause terrorism in Pakistan?," MPRA Paper 35101, University Library of Munich, Germany, revised 30 Nov 2011.
    16. Schneider, Friedrich, 2010. "The (Hidden) Financial Flows of Terrorist and Organized Crime Organizations: A Literature Review and Some Preliminary Empirical Results," IZA Discussion Papers 4860, Institute of Labor Economics (IZA).
    17. Fırat Bilgel & Burhan Can Karahasan, 2017. "The Economic Costs of Separatist Terrorism in Turkey," Journal of Conflict Resolution, Peace Science Society (International), vol. 61(2), pages 457-479, February.
    18. Ismail, Aisha & Amjad, Shehla, 2014. "Determinants of terrorism in Pakistan: An empirical investigation," Economic Modelling, Elsevier, vol. 37(C), pages 320-331.
    19. Akay, Alpaslan & Bargain, Olivier & Elsayed, Ahmed, 2018. "Everybody's a Victim? Global Terror, Well-Being and Political Attitudes," Working Papers in Economics 733, University of Gothenburg, Department of Economics.
    20. Sarah Brockhoff & Tim Krieger & Daniel Meierrieks, 2010. "Ties That Do Not Bind (Directly): The Education-Terrorism Nexus Revisited," Working Papers CIE 26, Paderborn University, CIE Center for International Economics.

    More about this item

    Keywords

    risk; insecurity; survey; terrorism; counter-terrorism; security economics;
    All these keywords.

    JEL classification:

    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:diw:diweos:diweos44. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bibliothek (email available below). General contact details of provider: https://edirc.repec.org/data/diwbede.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.