Working Paper
Terror Externalities and Trade: An Empirical Analysis
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;
JEL Classification: D74; F14; H56;
https://doi.org/10.20955/wp.2019.017
Status: Published in Southern Economic Journal
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Working Papers
Publication Date: 2019-05-29
Number: 2019-17
Note: Publisher DOI: https://doi.org/10.1002/soej.12508
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