Terrorism and international trade: an empirical investigation

被引:0
|
作者
Nitsch, Volker [1 ]
Schumacher, Dieter [1 ]
机构
[1] Free Univ Berlin, Dept Econ, D-1000 Berlin, Germany
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中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper examines the effect of terrorism and warfare on international trade. We investigate bilateral trade flows between more than 200 countries over the period from 1960 to 1993. Applying an augmented gravity model that includes several measures of terrorism and large-scale violence, we find compelling evidence that terrorist actions reduce the volume of trade; a doubling in the number of terrorist incidents is associated with a decrease in bilateral trade by about 4 per cent.
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页码:173 / 184
页数:12
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