The macroeconomic consequences of terror and the case of Israel
Article Abstract:
Israel is a classic subject for study of terror during its 55 years of existence. The paper theorizes that terror accounts for lower investments, incomes and consumption due to governmentEs higher expenditure on security. Continued terror is expected to reduce consumption by 5% in 2004 and estimates that terror is responsible for the loss of up to 10% of the GDP growth for the last three years.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2004
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Comment: oCities under stresso
Article Abstract:
The comment analyzes the assumptions and theories relating to terrorist attack on a key urban site and the effect on the urban services, commuting and capital. The comment concludes with the opinion that the potential and future threat by terrorism is real.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
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