Počet záznamů: 1
The effect of terrorist incidents on capital flows
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SYSNO ASEP 0459430 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title The effect of terrorist incidents on capital flows Author(s) Filer, Randall K. (NHU-C) RID
Stanišić, D. (RS)Source Title Review of Development Economics - ISSN 1363-6669
Roč. 20, č. 2 (2016), s. 502-513Number of pages 12 s. Language eng - English Country US - United States Keywords foreign direct-investment ; macroeconomic consequences ; transnational terrorism Subject RIV AH - Economics Institutional support NHU-C - PRVOUK-P23 UT WOS 000374307700012 EID SCOPUS 84962871214 DOI https://doi.org/10.1111/rode.12246 Annotation Previous work has shown that terrorism has significant negative impact on countries’ economies. We explore this relationship in more detail. Using an unbalanced panel of more than 160 countries for up to 25 years and the Global Terrorism Database (GTD) we show a decrease in foreign direct investment (FDI) as a consequence of terrorism. We also find evidence that FDI flows are more sensitive to terrorism than either portfolio investments or external debt flows. Finally, we test the hypothesis that terrorism has negative spill-over effects on FDI flows into neighboring countries and find evidence that cultural, but not geographical, closeness matters. Workplace NHU-C Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2017
Počet záznamů: 1