Number of the records: 1  

The effect of terrorist incidents on capital flows

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    SYSNO ASEP0459429
    Document TypeJ - Journal Article
    R&D Document TypeJournal Article
    Subsidiary JČlánek ve WOS
    TitleThe effect of terrorist incidents on capital flows
    Author(s) Filer, R. K. (US)
    Stanišić, Dragana (NHU-N) RID
    Source TitleReview of Development Economics - ISSN 1363-6669
    Roč. 20, č. 2 (2016), s. 502-513
    Number of pages12 s.
    Languageeng - English
    CountryUS - United States
    Keywordsforeign direct-investment ; macroeconomic consequences ; transnational terrorism
    Subject RIVAH - Economics
    Institutional supportNHU-N - RVO:67985998
    UT WOS000374307700012
    EID SCOPUS84962871214
    DOI10.1111/rode.12246
    AnnotationPrevious 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.
    WorkplaceEconomics Institute
    ContactTomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122
    Year of Publishing2017
Number of the records: 1  

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