期刊名称：International Business & Economics Research Journal
印刷版ISSN：1535-0754
电子版ISSN：2157-9393
出版年度：2011
卷号：7
期号：10
语种：English
出版社：The Clute Institute for Academic Research
摘要：This paper tries to cast light on the effects of terrorism on some macroeconomic variables at the international level. Using the Generalized Method of Moment (GMM) we investigate the effects of terrorism on such variables as GDP growth, foreign direct investment (FDI) and total factor productivity (TFP) with cross section data of 2005 for a sample of both developed and developing countries. The results suggest that terrorism has adversely and significantly affected economic growth, FDI and TFP around the world. In line with Abadie and Gardeazabal (2007) we find that once the effects of other country-specific characteristics such as country risk, good governance, and restrictions on FDI are taken into account these results are still robust.
关键词：total factor productivity;protectivity;terrorism;country risk;good governance;economic growth;Foreign Direct Investment (FDI);Generalized Method of Moment (GMM)
