Working Paper: CEPR ID: DP8077
Authors: Fernanda Lluss; Jos Tavares
Abstract: We assess the cost of different types of terrorist attacks on the growth of output and of its components. Private Consumption and Investment are significantly and negatively affected by all terror indicators, and the largest impact is respectively associated with the number of victims or the number of attacks.
Keywords: Consumption; Government Expenditure; Investment; Output Growth; Terrorism
JEL Codes: C23; E32; E62; E65
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| number of victims killed (Y50) | private consumption growth (E20) |
| number of attacks (H56) | investment growth (E20) |
| attacks on civilians (H56) | economic growth (O49) |
| number of attacks (H56) | private consumption growth (E20) |
| number of casualties (H84) | private consumption growth (E20) |
| number of casualties (H84) | investment growth (E20) |