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long-run. However, the negative effect of terrorism tends to be small in both the short-run and long-run. More precisely …
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We perform an empirical investigation of the macroeconomic consequences of international terrorism and interactions … panel growth regression analysis and a structural VAR model. We find that, on average, the incidence of terrorism may have … that associated with either external wars or internal conflict. As well, terrorism is associated with a redirection of …
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Terrorist incidents exert a negative, albeit usually short-lived, impact on markets and equity returns. Given the integration of global financial markets, mega-terrorist events also have a high contagion potential with their shock waves being transmitted across countries and markets. This paper...
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This study empirically verifies the effect of terrorism on financial development and how globalisation and governance … modulate the incidence of terrorism on financial development in Africa. Two terrorism indicators are adopted for this study …, namely, the: number of terrorism incidences and number of terrorism deaths. The methodology involves the pooled data …
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