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TAXING IMPACT OF TERRORISM ON GLOBAL ECONOMIC OPENNESS OF DEVELOPED AND DEVELOPING COUNTRIES
Journal article   Open access   Peer reviewed

TAXING IMPACT OF TERRORISM ON GLOBAL ECONOMIC OPENNESS OF DEVELOPED AND DEVELOPING COUNTRIES

Abubakr Saeed, Yuhua Ding, Shawkat Hammoudeh and Ishtiaq Ahmad
Acta oeconomica, v 68(3), pp 311-335
01 Sep 2018
DOI: https://doi.org/10.1556/032.2018.68.3.1
Featured in Collection :   UN Sustainable Development Goals @ Drexel
url
http://real.mtak.hu/88458/1/032.2018.68.3.1.pdfView
Accepted (AM)Open Access (License Unspecified),  Open

Abstract

Business & Economics Economics Social Sciences
This study examines the relationship between terrorism and economic openness that takes into account both the number and intensity of terrorist incidents and the impact of government military expenditures on trade-GDP and foreign direct investment-GDP ratios for both developed and developing countries. It uses the dynamic GMM method to account for endogeneity in the variables. Deaths caused by terrorism have a significant negative impact on FDI flows, and the number of terrorist attacks is also found to be significant in hampering the countries' ability to trade with other nations. The study also demonstrates that the developing countries exhibit almost similar results to our main analysis. The developed countries exhibit a negative impact of terrorism, but the regression results are not significant.

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5 citations in Web of Science
6 citations in Scopus

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UN Sustainable Development Goals (SDGs)

This publication has contributed to the advancement of the following goals:

#16 Peace, Justice and Strong Institutions

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Collaboration types
Domestic collaboration
International collaboration
Web of Science research areas
Economics
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