Which Terror at Which Cost? On the Economic Consequences of Terrorist Attacks

Jose Tavares () and Fernanda Llussá ()

No 8077, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We assess the cost of different types of terrorist attacks on the growth of output and of its components. Private Consumption and Investment are significantly and negatively affected by all terror indicators, and the largest impact is respectively associated with the number of victims or the number of attacks.

Keywords: Consumption; Government expenditure; investment; Output growth; Terrorism (search for similar items in EconPapers)
JEL-codes: C23 E32 E62 E65 (search for similar items in EconPapers)
Date: 2010-10
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Citations: View citations in EconPapers (1)

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Journal Article: Which terror at which cost? On the economic consequences of terrorist attacks (2011)
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