The economics of terrorism: A synopsis (original) (raw)

2007, The Economics of Peace and Security Journal

AI-generated Abstract

This paper provides a comprehensive overview of economic literature on terrorism by organizing it into seven key topics: measurement of terrorist activity, nature of terrorists, utility cost of terrorism, impact on aggregate output, specific sectors affected, economic policy implications, and counter-terrorism strategies. Key findings indicate cyclical patterns in terrorism, evolving targets, and various economic models addressing the consequences of terrorism on economies, investment, and markets, while also considering indirect costs. Ultimately, the paper highlights the need for continued research to deepen understanding and improve counter-terrorism measures.