Armed conflict and terrorism damage economic development through disruption of economic activity, trade, and the destruction of human and physical resources. They also can affect foreign aid allocation, but the likely net effect of this is not obvious. On the one hand, donors may be discouraged...

This paper tests some existing theories developed over the past 25 years on corporate demand for insurance. Using a unique dataset of 1,809 large U.S. corporations it provides the first empirical analysis that compares corporate demand for standard property insurance and for catastrophe coverage...

The unprecedented 11 September 2001 terrorist attacks in the United States caused massive casualties and damage, and ushered in an era of greater uncertainty. While a prompt and vigorous policy response helped limit the immediate economic impact of the aggression, the heightened terrorist threat...

Using a longitudinal household panel dataset in the United Kingdom, where most interviews are conducted in September each year, we are able to show that the attacks of September 11 resulted in lower levels of subjective well-being for those interviewed after that date in 2001 compared to those...

This paper compares the characteristics of 63 alleged homegrown Islamic terrorists in the U.S.A. to a representative sample of 1,000+ Muslim Americans. The alleged terrorists have about average level of education. Those with higher education were judged closer to succeeding.

This paper compares the characteristics of 63 alleged homegrown Islamic terrorists in the U.S.A. to a representative sample of 1,000+ Muslim Americans. The alleged terrorists have about average level of education. Those with higher education were judged closer to succeeding.

In recent times, camera surveillance or closed-circuit television (CCTV) as an instrument potentially deterring crime and terrorism has become a focus of the public discourse. CCTV might be the most rapidly spreading and, at the same time, one of the most disputed measures of contemporary public...

Using a large-scale CGE model, we investigate the short-run and long-run regional economic consequences of a catastrophic event - attack via radiological dispersal device (RDD) - centered on the downtown Los Angeles area. We distinguish two main routes via which such a catastrophic event might...

This Paper seeks to analyse the nature of the terrorist threat following 9/11, and to explore the implications for defense R&D policy. First, it reviews the defining trends of defense R&D since the Cold War, and brings in pertinent empirical evidence: the US accumulated during the 1990s a...

Terrorist incidents exert a negative, albeit generally short-lived, impact on markets and equity returns. Given the integration of global financial markets, mega-terrorist events also have a high contagion potential with their shock waves being transmitted across countries and markets. This...