Terrorism and trade

Volker Nitsch and Dieter Schumacher

This paper examines the effect of terrorism and warfare on international trade. We investigate bilateral trade flows between more than 200 countries over the period from 1960 to 1993. Applying an augmented gravity model that includes several measures of terrorism and largescale violence, we find compelling evidence that terrorist actions reduce the volume of trade; a doubling in the number of terrorist incidents is associated with a decrease in bilateral trade by about 4 percent.

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Year of publication:	June 2003
Authors:	Nitsch, Volker ; Schumacher, Dieter
Publisher:	Berlin, Germany : DIW Berlin, German Institute for Economic Research
Subject:	Terrorism \| Conflict \| Warfare \| Trade \| Terrorismus \| Internationale Wirtschaft \| International economy \| Internationale Wirtschaftsbeziehungen \| International economic relations \| Schätzung \| Estimation \| Welt \| World \| 1960-1993

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Extent:	1 Online-Ressource (circa 24 Seiten) Illustrationen Tab., Lit. S. 14-15
Series:	Discussion papers / Deutsches Institut für Wirtschaftsforschung. - Berlin : [Verlag nicht ermittelbar], ISSN 1619-4535, ZDB-ID 2125067-4. - Vol. 353
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/18089 [Handle]
Classification:	F19 - Trade. Other ; F15 - Economic Integration
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011438571