Blomberg, S. Brock; Hess, Gregory D.; Orphanides, Athanasios - 2004
We perform an empirical investigation of the macroeconomic consequences of international terrorism and interactions … panel growth regression analysis and a structural VAR model. We find that, on average, the incidence of terrorism may have … that associated with either external wars or internal conflict. As well, terrorism is associated with a redirection of …