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In this paper, I present and discuss a method for modelling an important trade-off faced by terrorism prevention … policies: the trade-off between, on the one hand, trying to reduce people's inclination towards terrorism, and, on the other … terrorism (first goal), involving measures such as raising the standard of living, and symptom-related policies reduce the power …
Persistent link: https://www.econbiz.de/10005118920
We examine how globalization affects trade patterns and welfare when conflict prevails domestically. We do so in a simple model of trade, in which a natural resource like oil is contested by competing groups using real resources ('guns'). Thus, conflict is viewed as ultimately stemming from...
Persistent link: https://www.econbiz.de/10005408071
The paper uses the recently available data on growth rates, democracy, protectionism, and wars over the period 1820 to 2000 to look at the determinants of economic growth over the long-term. It is motivated by the following questions: what is the effect of democracy on growth, was colonialism...
Persistent link: https://www.econbiz.de/10005062416
Despite the shortcomings of Hayek’s spontaneous order, there is a positive side, perhaps even a positive feedback. Hayek left us with a “what if” question and returns us to that initial opening of Pandora’s Box, or perhaps the initial onset of neo-realism, neo-liberalism,...
Persistent link: https://www.econbiz.de/10005407658
Based on an original database, this paper provides an empirical study of Tsarist bond prices reactions after their repudiation by the Soviets. For the two years following the repudiation two striking features of a representative Tsarist bond traded in Paris are highlighted: first, the price...
Persistent link: https://www.econbiz.de/10005556882
An imperative need has arisen to provide a Constructive push to the President Bush. American population, Corporate units, Expatriates and all nations with their currency related to US $, are not happy in the current $ dipping situation. Even the currencies of poor nations are galloping upward in...
Persistent link: https://www.econbiz.de/10005556940
, the opportunity cost of engaging in suicide terrorism decreases. An alternative explanation is that suicide bombings are …
Persistent link: https://www.econbiz.de/10005076534
favor. An increased external threat of terrorism--either an increase in the likelihood of a successful terrorist attack or a … thus lessen the severity of the conflict at home. However, unless the marginal return from guarding against terrorism is …
Persistent link: https://www.econbiz.de/10005125931
The article aims at suggesting possible conjectures on Al-Qaeda's logic and structure. Even if the organization's secrecy makes any empirical evidence difficult to find, some insight can be provided by economic theory of contests: in this terms, Al-Qaeda can be acknowledged like an agent...
Persistent link: https://www.econbiz.de/10005408420
Recent surveys in the United States and the Muslim world show widespread misinformation about the events of September 11, 2001. Using data from 9 predominantly Muslim countries, we study how such beliefs depend on exposure to news media and levels of education. Standard economic theory would...
Persistent link: https://www.econbiz.de/10005413251