The terrorist attacks that have occurred in the past few years around the world have raised international awareness of … the danger of terrorism and its complex repercussions on the financial markets. This paper explores the ways in which … strengthened so as to further enhance the resilience of financial markets to terrorism …

This paper provides an empirical analysis of how the frequency and severity of terrorism affectgovernment revenue and … expenditure during the period 1970-2013 using a panel dataset on153 countries. We find that terrorism has only a marginal negative … alternative specifications and empirical strategies. On the other hand, we find strongevidence that terrorism is associated with …

democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …We revisit Lipset's law, which posits a positive and significant relationship between income and democracy. Using …