political terrorism in the 1970's. The subsequent economic evolution of this 'counterfactual' Basque Country without terrorism … is compared to the actual experience of the Basque Country. We find that, after the outbreak of terrorism, per capita GDP …

The literature on conflict and terrorism has paid little attention to the economic costs of terrorism for the …

We estimate an empirical model of consumption disasters using a new panel data set on personal consumer expenditure for … consumption of about 30%, but that roughly half of this decline is reversed in a subsequent recovery. Uncertainty about … consumption growth increases dramatically during disasters. Our estimated model generates a sizable equity premium from disaster …

the presence of fire sales, and how fire sales can reduce productive investment. We conclude by showing how asset fire …

argued in two papers that the link between equipment investment and economic growth across countries is stronger than can be … generated by the Solow model. Accordingly, they conclude that such investment yields important external benefits. However, their … externalities to equipment investment. In particular, we find that the empirical link between investment and growth in the OECD …

-country evidence, which indicates that per capita growth rates for about 100 countries in the post-World War II period are uncorrelated … faster. Countries with higher human capital also have lower fertility rates and higher ratios of physical investment to GDP …. These results on growth, fertility, and investment are consistent with some recent theories of endogenous economic growth …

politico-economic environment, reduces investment. As a consequence, income inequality and investment are inversely related …. Since investment is a primary engine of growth, this paper identifies a channel for an inverse relationship between income … are investment and an index of socio-political instability. Our results are robust to sensitivity analysis on the …

and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in …

features of the world at present are the low rates of investment and growth in some of the richest countries, whose surpluses … account for about half of the US deficit. The result is that financial capital is flowing out of countries with low investment …