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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.

Suggested Citation

  • Konstantinos Drakos, 2009. "Security Economics: A Guide for Data Availability and Needs," Economics of Security Working Paper Series 6, DIW Berlin, German Institute for Economic Research.
  • Handle: RePEc:diw:diweos:diweos6
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    1. 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.
    2. Benjamin E. Hermalin and Alice M. Isen., 1999. "The Effect of Affect on Economic and Strategic Decision Making," Economics Working Papers E99-270, University of California at Berkeley.
    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, vol. 16(5), pages 411-424, December.
    4. Konstantinos Drakos & Nicholas Giannakopoulos, 2009. "An econometric analysis of counterterrorism effectiveness: the impact on life and property losses," Public Choice, Springer, vol. 139(1), pages 135-151, April.
    5. 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.
    6. 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.
    7. 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.
    8. Eldor, Rafi & Melnick, Rafi, 2004. "Financial markets and terrorism," European Journal of Political Economy, Elsevier, vol. 20(2), pages 367-386, June.
    9. Jon Elster, 1998. "Emotions and Economic Theory," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 47-74, March.
    10. 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.
    11. 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, vol. 170(4), pages 909-921.
    12. 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.
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    Cited by:

    1. Friedrich Schneider & Tilman Brück & Daniel Meierrieks, 2010. "The Economics of Terrorism and Counter-Terrorism: A Survey (Part I)," Discussion Papers of DIW Berlin 1049, DIW Berlin, German Institute for Economic Research.
    2. 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.
    3. Daniel Arce & Sneha Bakshi & Rachel Croson & Catherine Eckel & Enrique Fatas & Malcolm Kass, 2011. "Counterterrorism strategies in the lab," Public Choice, Springer, vol. 149(3), pages 465-478, December.
    4. Kerim Peren ARIN & Otto. F. REICH & Oliver LORZ & Nicola SPAGNOLO, "undated". "Understanding Homeland Security: Theory and UK Evidence," EcoMod2010 259600011, EcoMod.
    5. 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.
    6. Tim Krieger & Daniel Meierrieks, 2011. "What causes terrorism?," Public Choice, Springer, vol. 147(1), pages 3-27, April.
    7. 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.
    8. Michael Brzoska, 2009. "Zur Wirksamkeit von Finanzsanktionen als Instrument im Kampf gegen den Terrorismus," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 78(4), pages 88-100.
    9. Brück, Tilman & Schneider, Friedrich, 2011. "Terror and human insecurity: Editorial introduction," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 1-4.

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