This paper argues that terrorism, beyond its immediate impact on innocent victims, also raises the costs of crime, and … therefore, imposes a negative externality on potential criminals. Terrorism raises the costs of crime through two channels: (i …

terrorism on competitors' market shares in tourism sector where involved countries enjoy significant tourism activities but are … Israel and Turkey are more sensitive to terrorism incidents than in Greece. There are also significant regional contagion … effects of terrorism. We find that a higher level of terrorist incidents in Greece is associated with an increase in the …

support that notion. -- Intifada ; terrorism ; Granger causality …