Terrorist attack assessment: Paris November 2015 and Brussels March 2016

Mario Ruiz Estrada and Evangelos Koutronas ()

Journal of Policy Modeling, 2016, vol. 38, issue 3, 553-571

Abstract: This paper intends to establish conceptual foundations of analyzing the economic dimensions of terrorism. The economic impact of terrorist attack model (EITA-Model) attempts to estimate the optimum number of potential terrorist incidents that can influence the regional economic performance. The model suggests a three-phase of terrorist operations: (i) the terrorist group attack setting; (ii) the terrorist group attack behavior; and (iii) the post-effect of the terrorist group attack. The model introduces five alternative risk indicators for the estimation of terrorist attacks: (i) the maximum level of terrorist group attack targets (φ′); (ii) terrorist group attack destruction (−π); (iii) economic terrorist wear (W); (iv) economic desgrowth (−δ); and (v) the multidimensional graphical sub-strategic national security sector analysis. The model investigates the recent terrorist attacks in Paris November 2015 and in Brussels March 2016.

Keywords: Economic modeling; Terrorism; France; Belgium; Economic; Policy modeling (search for similar items in EconPapers)
JEL-codes: R11 R12 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:38:y:2016:i:3:p:553-571

DOI: 10.1016/j.jpolmod.2016.04.001

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