Skip to main content Skip to main content

Terror Externalities and Trade: An Empirical Analysis

We report robust evidence of adverse cross-border externalities from terrorism on trade for over 160 countries from 1976 to 2014. Terrorism in one country spills over to reduce trade in neighboring nations. These externalities arise from higher trade costs due to trade delays and macroeconomic uncertainty.

Read Full Text

https://doi.org/10.20955/wp.2019.017


Subscribe to our newsletter


Back to Top