Gaibulloev, Khusrav (contributor); Sandler, Todd (contributor) - 2008
This paper quantifies the impact of terrorism and conflicts on income per capita growth in Asia for 1970–2004. Our … countries, many additional attacks are needed to achieve such a large impact. Transnational terrorism reduces growth by crowding … in government expenditures. Unlike developing countries, developed countries are able to absorb terrorism without …