Brutality or frequency? An empirical investigation of the effects of terrorism on economic growth in India

Author First name, Last name, Institution

K. Peren Arin, Zayed UniversityFollow
Fabio Spagnolo, Brunel University London
Nicola Spagnolo, ANU College of Business & Economics

Document Type

Article

Source of Publication

Revue Economique

Publication Date

11-14-2016

Abstract

© Presses de Sciences Po (P.F.N.S.P.). Tous droits réservés pour tous pays. In this paper we investigate the effects of terrorism on economic growth in India. Using a Markov switching model, we find evidence that terror has a significant and negative impact on Indian economic growth. Our empirical results also show that the magnitude of these effects is larger in periods of high growth. Finally, we compare the magnitude of the effects of the "brutality" and the "frequency" of terror attacks, and conclude that the effect of the frequency is slightly higher than the effect of the brutality.

DOI Link

10.3917/reco.pr2.0073

ISSN

0035-2764

Publisher

Presses de Sciences Po

Volume

67

Issue

6

First Page

1141

Last Page

1151

Disciplines

Business | Social and Behavioral Sciences

Scopus ID

84996866519

Recommended Citation

Arin, K. Peren; Spagnolo, Fabio; and Spagnolo, Nicola, "Brutality or frequency? An empirical investigation of the effects of terrorism on economic growth in India" (2016). All Works. 776.
https://zuscholars.zu.ac.ae/works/776

Indexed in Scopus

yes

Open Access

no