Citation

Discussion Paper Details

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

Author(s): Fernanda Llussá and José Tavares

Publication Date: October 2010

Keyword(s): consumption, government expenditure, investment, output growth and terrorism

Programme Area(s): Public Economics

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.

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Bibliographic Reference

Llussá, F and Tavares, J. 2010. 'Which Terror at Which Cost? On the Economic Consequences of Terrorist Attacks'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=8077