This paper quantifies the impact of terrorism and conflicts on income per capita growth in Asia for 1970–2004. Our panel estimations show that transnational terrorist attacks had a significant growth-limiting effect. Transnational terrorism reduces growth by crowding in government expenditures. An internal conflict has the greatest growth concern, about twice that of transnational terrorism. For [...]
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This work by http://thehizbuttahrirwatch.wordpress.com is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
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