DP8077 Which Terror at Which Cost? On the Economic Consequences of Terrorist Attacks
|Author(s):||Fernanda Llussá, José Tavares|
|Publication Date:||October 2010|
|Keyword(s):||consumption, government expenditure, investment, output growth, terrorism|
|JEL(s):||C23, E32, E62, E65|
|Programme Areas:||Public Economics|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=8077|
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.