The welfare cost of terrorism

Margarita Vorsina, Matthew Manning, Christopher M. Fleming, Christopher L. Ambrey and Christine Smith

Terrorism and Political Violence, 2017, vol. 29, issue 6, 1066-1086

Abstract: Data from 117 countries over the period 2006 to 2011 are used to estimate a macroeconomic cross-country system of equations that examines the association between terrorism, self-reported life satisfaction, and national income. Results indicate that terrorism is negatively associated with life satisfaction, whereas no such association is found between terrorism and real GDP per worker. Stark contrasts are found, however, between OECD and non-OECD members. In all, our results suggest that the social costs of terrorism are potentially much higher than the economic costs, and measuring only the conventional economic costs of terrorism significantly underestimates the true costs.

Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/09546553.2015.1111207 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:ftpvxx:v:29:y:2017:i:6:p:1066-1086

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/ftpv20

DOI: 10.1080/09546553.2015.1111207

Access Statistics for this article

Terrorism and Political Violence is currently edited by James Forest

More articles in Terrorism and Political Violence from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().