Top

Quality & Quantity

Published in:

29-11-2017

How does terrorism affect the international trade of Muslims countries?

Authors: Mario Arturo Ruiz Estrada, Donghyun Park, Muhammad Tahir, Alam Khan

Published in: Quality & Quantity | Issue 5/2018

Activate our intelligent search to find suitable subject content or patents.

search-config

AI-assisted search

Off

Abstract

In this paper, we propose a new model, namely the terrorism-trade and investment diversion simulator (TTID-Simulator). The simulator allows us to analyze the impact of terrorism on trade and investment diversion anywhere and anytime. Our central objective is to use the new model to evaluate the trade and investment diversion due to terrorism, and the ultimate effect on inflation rate, unemployment rate, and poverty rate. More specifically, we apply TTID-simulator to evaluate the economic effect of terrorism on Afghanistan, Iraq, Pakistan, and Syria, four countries which suffered a lot of terrorist activity in recent years. The focus of our analysis is trade and investment diversion, and our sample period runs from 1980 to 2016.

previous article New media scholarship in Africa: an evaluation of Africa-focused blog related research from 2006 to 2016

next article Do the sunk cost effect and cognitive dissonance increase risk perception? An empirical study in the context of city smog

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Balassa, B.: Trade creation and trade diversion in the European common market. Econ. J. 305, 1–21 (1967)CrossRef

Baldwin, R.E., Venables, A.J.: Regional economic integration. Handb. Int. Econ. 3, 1597–1644 (1995)

CIA Fact Book. http://www.globalfirepower.com/countriescomparisondetail.asp?form=form&country1=OfficialForces(G1)&country2=RegionalTerroristGroups(G2)&Submit=CMPARE (2016). Accessed Jan 2017

Clausing, K.A.: Trade creation and trade diversion in the Canada-United States free trade agreement. Can. J. Econ./Revue Canadienne d’économique 34(3), 677–696 (2001)CrossRef

Collier, P., Elliott, V., Hegre, H., Hoeffler, A., Reynal-Querol, M., Sambanis, N.: Breaking the Conflict Trap: Civil War and Development Policy. Oxford University Press, Washington, DC (2003)

Drakos, K.: Terrorism-induced structural shifts in financial risk: airline stocks in the aftermath of the September 11th terror attacks. Eur. J. Polit. Econ. 20(2), 435–446 (2004)CrossRef

Dunning, J.H., Robson, P.: Multinationals and the European Community. Basil Blackwell, Oxford (1988)

Enders, W., Sandler, T.: The Political Economy of Terrorism. Cambridge University Press, Cambridge (2006)

Global Terrorism Database (GTD). https://www.start.umd.edu/gtd/ (2017). Accessed Jan 2017

Havcman, J.: Some welfare effects of sequential customs union formation. Caiialliot Jorrrrol of Ecotronics 29(4), 941–958 (1996)

International Monetary Fund (IMF): Database. Available at IMF: www.econstats.com/weo/v002.htm (2017)

Ito, H., Lee, D.: Assessing the impact of the September 11 terrorist attacks on US airline demand. J. Econ. Bus. 57(1), 75–95 (2004)CrossRef

Haveman, J., Hummels, D.: Trade creation and trade diversion. J. Transnatl. Manag. Dev. 3(2), 47–72 (1998). https://doi.org/10.1300/J130v03n02_03 CrossRef

Willmore, L.N.: Trade creation, trade diversion and effective protection in the central American common market. J. Dev. Stud. 12(4), 396–414 (1976). https://doi.org/10.1080/00220387608421595 CrossRef

Magee, C.S.P.: Trade creation, trade diversion, and the general equilibrium effects of regional trade agreements: a study of the European Community–Turkey customs union. Rev. World Econ. 152(2), 383–399 (2016). https://doi.org/10.1007/s10290-015-0239-4 CrossRef

Ruiz Estrada, M.A.: Policy modeling: definition, classification, and evaluation. J. Policy Model. 33(4), 523–536 (2011)CrossRef

Ruiz Estrada, M.A., Park, D., Kim, J.S., Khan, A.: The economic impact of terrorism: a new model and its application to Pakistan. J. Policy Model. 33(4), 523–536 (2015)CrossRef

Ruiz Estrada, M.A.: An alternative graphical modeling for economics econographicology. Qual. Quan. (2017). https://doi.org/10.1007/s11135-015-0280-3

Sandler, T., Enders, W.: Economic consequences of terrorism in developed and developing countries. An overview. In: Keefer, P., Loayza, N. (eds.) Terrorism, Economic Development, and Political Openness, pp. 17–47. Cambridge University Press, Cambridge (2008)CrossRef

Shahbaz, M.: Linkages between inflation, economic growth and terrorism in Pakistan. Econ. Model. 32, 496–506 (2013)CrossRef

Shahbaz, M., Shabbir, M.S., Malik, M.N., Wolters, M.E.: An analysis of a causal relationship between economic growth and terrorism in Pakistan. Econ. Model. 35, 21–29 (2013)CrossRef

Viner, J.: The Customs Union Issue. Carnegie Endowment for International Peace, New York (1950)

Walmsley, T: A baseline scenario for the dynamic GTAP model. GTAP Working Paper (2006)

World Bank (WB). http://data.worldbank.org. Accessed on June 2017

Xiang, H., Zhan, Z., Lai, M.: The trade destruction effect and trade diversion effect of RMB appreciation. Front. Econ. China 6, 479 (2011). https://doi.org/10.1007/s11459-011-0143-3 CrossRef

Title: How does terrorism affect the international trade of Muslims countries?
Authors: Mario Arturo Ruiz Estrada
Donghyun Park
Muhammad Tahir
Alam Khan
Publication date: 29-11-2017
Publisher: Springer Netherlands
Published in: Quality & Quantity / Issue 5/2018
Print ISSN: 0033-5177
Electronic ISSN: 1573-7845
DOI: https://doi.org/10.1007/s11135-017-0660-y

Springer Professional

Abstract

Please log in to get access to your license.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Wirtschaft"

Other articles of this Issue 5/2018

The relationship between the inflation rate and inequality across U.S. states: a semiparametric approach

Group differences on affiliate stigma experienced by family caregivers of psychiatric patients

Evaluation of satisfaction of individuals educated in health sciences

Supervised scaling of semi-structured interview transcripts to characterize the ideology of a social policy reform

The effect of answer based computer assisted geometry course on students success level and attitudes

Measuring populist discourse using semantic text analysis: a comment

Premium Partner