Cycles of violence, and terrorist attacks index for the State of Oklahoma
I apply the Beveridge-Nelson business cycle decomposition method to the time series of per capita murder of Florida State (1933-2005). Separating out “permanent” from “cyclical” murder, I hypothesize that the cyclical part coincide with documented waves of organized crime, internal tensions, crime legislation, social, and political unrest, and with the periodic terrorist attacks to the U.S. The estimated cyclical component of murder shows that terrorist attacks against the U.S. have affected Oklahoma, creating estimated turning point dates marked by the most tragic terrorist attacks to the nation, and the State: the World Trade Center bombing in 1993, 9/11 2001, and the Alfred P. Murrah Federal Building bombing This paper belongs to the series of papers helping the U.S, and Homeland Security identify the closeness of terrorist attacks, and constructs the attacks index for Oklahoma. Other indices constructed include the Index for the U.S., New York State, New York City, Arizona, Massachusetts, California, Washington, Ohio, Philadelphia City, Arkansas, Missouri, Florida, and Michigan. These indices must be used as dependent variables in structural models for terrorist attacks and in models assessing the effects of terrorism over the U.S. economy.
|Date of creation:||04 Feb 2007|
|Date of revision:||30 Sep 2007|
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- John Y. Campbell & Pierre Perron, 1991.
"Pitfalls and Opportunities: What Macroeconomists Should Know About Unit Roots,"
NBER Chapters,in: NBER Macroeconomics Annual 1991, Volume 6, pages 141-220
National Bureau of Economic Research, Inc.
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