Araz-Takay, Bahar; Arin, K. Peren; Omay, Tolga - In: Defence and Peace Economics 20 (2009) 1, pp. 1-10
This paper investigates the macroeconomic effects of terror by using a novel data set from Turkey for the period of 1987:1 to 2004:4. This research contributes to the literature by controlling for the possible non-linear and endogenous relationship between political conflict and economic...