Impact of Terrorism on Economic Growth
|Author:||Bc. Jakub Siegl|
|Year:||2019 - summer|
|Leaders:|| RNDr. Michal Červinka Ph.D.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||The negative market atmosphere resulting from terrorism may potentially
affect key macroeconomic variables and be reflected in economic growth
both immediately and with time lags. This thesis utilizes quarterly data on
variables related to terrorism and key macroeconomic metrics for the time
period 1970–2017 and establishes the effect of terrorism on economic growth.
Furthermore, it elaborates on the change of general perception of terrorism
after the 9/11 2001 attack and assesses the difference of its effect before and
after this key violent act. In general, it has been found that the deaths and
wounds resulting from terrorism affect economic growth with lags. Furthermore, following the 9/11 2001 terrorist attack, the time layout of the effect
of deaths resulting from terrorism has changed.