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Terror Externalities and Trade: An Empirical Analysis

Subhayu Bandyopadhyay (), Chris Doucouliagos () and Cong Pham ()

No 2019-17, Working Papers from Federal Reserve Bank of St. Louis

Abstract: We report robust evidence of adverse cross-border externalities from terrorism on trade for over 160 countries from 1976 to 2014. Terrorism in one country spills over to reduce trade in neighboring nations. These externalities arise from higher trade costs due to trade delays and macroeconomic uncertainty.

Keywords: Terrorism; Spillovers; Bilateral imports (search for similar items in EconPapers)
JEL-codes: D74 F14 H56 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int
Date: 2019-05-29, Revised 2019-05-30
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DOI: 10.20955/wp.2019.017

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