and consumption go down as well. Governments can offset terror by putting tax revenues into the production of security … and welfare. Next, we show that this theory of terror and the economy helps to understand changes in trend and business …

We examine a stark setting in which security or protection can be provided by self-governing groups of by for …-term viability. Typically, in providing security the stable market structure involves competing lords, a condition that leads to a …

What is the impact of terrorism on trade through higher security at the borders? We set up a theory which shows that … terrorism acts and make security measures more costly for total welfare. In order to identify the true impact of terrorism, our … current security measures at the borders. Our tests suggest that terrorist incidents have a small effect on US imports on …

Security threats have moved neighbouring countries to form regional integration arrangements (RIAs), including the … that an RIA – together with domestic taxes – is an optimal response to security concerns among neighbouring countries. It …

In this paper, we study the impact of transnational terrorism diffusion on security and trade. We set up a simple … trade. The idea is that security measures, which impede trade, are directed both against the source country of terror and … could benefit from an increase in security by trading more. Taken to the test, we empirically document these predictions. We …

In this paper we look at the behaviour of maintenance, utilization and physical depreciation over the business cycle …. We do so within the context of a real business cycle model where the decisions of firms about physical capital … utilization, maintenance, and improvement or scrapping are endogenous. We distinguish between labour input devoted to output …

preponderance of Internet and high-tech firms going public. Our results suggest that it was firm characteristics that were unique …

distribution of content to pay TV and free-to-air broadcasters, and for internet distribution of content. …