The effect of terrorist incidents on capital flows

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SYSNO ASEP	0459429
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, R. K. (US) Stanišić, Dragana (NHU-N)_RID
Source Title	Review of Development Economics - ISSN 1363-6669 Roč. 20, č. 2 (2016), s. 502-513
Number 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-N - RVO:67985998
UT WOS	000374307700012
EID SCOPUS	84962871214
DOI	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	Economics Institute
Contact	Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122
Year of Publishing	2017

Number of the records: 1