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political terrorism in the 1970's. The subsequent economic evolution of this 'counterfactual' Basque Country without terrorism … is compared to the actual experience of the Basque Country. We find that, after the outbreak of terrorism, per capita GDP …
Persistent link: https://www.econbiz.de/10012470240
The literature on conflict and terrorism has paid little attention to the economic costs of terrorism for the …
Persistent link: https://www.econbiz.de/10012463184
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...
Persistent link: https://www.econbiz.de/10012464016
A lot, including a few things you may not expect. Previous studies find that the term spread forecasts GDP but these regressions are unconstrained and do not model regressor endogeneity. We build a dynamic model for GDP growth and yields that completely characterizes expectations of GDP. The...
Persistent link: https://www.econbiz.de/10012468018
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions trumps' everything else. Once institutions are...
Persistent link: https://www.econbiz.de/10012469401
What is the effect of trade on a country's environment, for a given level of GDP? Some have observed an apparent positive correlation between openness to trade and measures of environmental quality. But this could be due to endogeneity of trade, rather than causality. This paper uses exogenous...
Persistent link: https://www.econbiz.de/10012469508
We study the role of perceived threats from cultural diversity induced by terrorist attacks and a salient criminal event on public discourse and voters' support for far-right parties. We first develop a rule which allocates Twitter users in Germany to electoral districts and then use a machine...
Persistent link: https://www.econbiz.de/10012479348
cannot rule out that it constitutes efficient policing given important differences between deterrence of terrorism versus …
Persistent link: https://www.econbiz.de/10012480381
terrorism on economics and psychology is difficult because institutions also change in response to terrorist attacks. This paper … exposed to the attacks. I find that terrorism leads to declines in trust, subjective well-being, and the importance of … creativity and freedom. However, at the macro-level, terrorism leads to increases in economic output and household income. These …
Persistent link: https://www.econbiz.de/10012453383
We analyze the link between economic conditions and the quality of suicide terrorism. While the existing empirical …
Persistent link: https://www.econbiz.de/10012462337