The welfare costs of terrorism

Margarita Vorsina; Matthew Manning; Christopher Mark Fleming; Christopher L Ambrey; Christine Smith

The welfare costs of terrorism

Margarita Vorsina, Matthew Manning, Christopher Mark Fleming, Christopher L Ambrey, Christine Smith

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

Data from 117 countries over the period 2006 to 2011 are used to estimate a macroeconomic cross-country system of equations that examines the association between terrorism, self-reported life satisfaction and national income. Results indicate that terrorism is negatively associated with life satisfaction, whereas no such association is found between terrorism and real GDP per worker. Stark contrasts are found, however, between OECD and non-OECD members. In all, our results suggest that the social costs of terrorism are potentially much higher than the economic costs, and measuring only the conventional economic costs of terrorism significantly underestimates the true costs.

Original language	English
Title of host publication	Program ACE 2015
Place of Publication	Brisbane, Australia
Publisher	QUT Conferences
Edition	Peer Reviewed
Publication status	Published - 2015
Event	Australian Conference of Economists ACE 2015 - Brisbane, Australia, Australia Duration: 1 Jan 2015 → … https://editorialexpress.com/conference/ACE2015/program/ACE2015.html

Conference

Conference	Australian Conference of Economists ACE 2015
Country/Territory	Australia
Period	1/01/15 → …
Other	July 7-10 2015
Internet address	https://editorialexpress.com/conference/ACE2015/program/ACE2015.html

Cite this

@inproceedings{5e27118502064791a7c85d385a766e57,

title = "The welfare costs of terrorism",

abstract = "Data from 117 countries over the period 2006 to 2011 are used to estimate a macroeconomic cross-country system of equations that examines the association between terrorism, self-reported life satisfaction and national income. Results indicate that terrorism is negatively associated with life satisfaction, whereas no such association is found between terrorism and real GDP per worker. Stark contrasts are found, however, between OECD and non-OECD members. In all, our results suggest that the social costs of terrorism are potentially much higher than the economic costs, and measuring only the conventional economic costs of terrorism significantly underestimates the true costs.",

author = "Margarita Vorsina and Matthew Manning and Fleming, {Christopher Mark} and Ambrey, {Christopher L} and Christine Smith",

year = "2015",

language = "English",

booktitle = "Program ACE 2015",

publisher = "QUT Conferences",

edition = "Peer Reviewed",

note = "Australian Conference of Economists ACE 2015 ; Conference date: 01-01-2015",

url = "https://editorialexpress.com/conference/ACE2015/program/ACE2015.html",

}

TY - GEN

T1 - The welfare costs of terrorism

AU - Vorsina, Margarita

AU - Manning, Matthew

AU - Fleming, Christopher Mark

AU - Ambrey, Christopher L

AU - Smith, Christine

PY - 2015

Y1 - 2015

N2 - Data from 117 countries over the period 2006 to 2011 are used to estimate a macroeconomic cross-country system of equations that examines the association between terrorism, self-reported life satisfaction and national income. Results indicate that terrorism is negatively associated with life satisfaction, whereas no such association is found between terrorism and real GDP per worker. Stark contrasts are found, however, between OECD and non-OECD members. In all, our results suggest that the social costs of terrorism are potentially much higher than the economic costs, and measuring only the conventional economic costs of terrorism significantly underestimates the true costs.

AB - Data from 117 countries over the period 2006 to 2011 are used to estimate a macroeconomic cross-country system of equations that examines the association between terrorism, self-reported life satisfaction and national income. Results indicate that terrorism is negatively associated with life satisfaction, whereas no such association is found between terrorism and real GDP per worker. Stark contrasts are found, however, between OECD and non-OECD members. In all, our results suggest that the social costs of terrorism are potentially much higher than the economic costs, and measuring only the conventional economic costs of terrorism significantly underestimates the true costs.

M3 - Conference contribution

BT - Program ACE 2015

PB - QUT Conferences

CY - Brisbane, Australia

T2 - Australian Conference of Economists ACE 2015

Y2 - 1 January 2015

ER -

The welfare costs of terrorism

Abstract

Conference

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