View More View Less
  • 1 COMSATS Institute of Information Technology, Islamabad, Pakistan
  • | 2 Drexel University, Philadelphia, USA
  • | 3 Drexel University, Philadelphia, USA
  • | 4 University of Debrecen, Hungary
Restricted access

Purchase article

USD  $25.00

1 year subscription (Individual Only)

USD  $700.00

This study examines the relationship between terrorism and economic openness that takes into account both the number and intensity of terrorist incidents and the impact of government military expenditures on trade-GDP and foreign direct investment-GDP ratios for both developed and developing countries. It uses the dynamic GMM method to account for endogeneity in the variables. Deaths caused by terrorism have a significant negative impact on FDI flows, and the number of terrorist attacks is also found to be significant in hampering the countries’ ability to trade with other nations. The study also demonstrates that the developing countries exhibit almost similar results to our main analysis. The developed countries exhibit a negative impact of terrorism, but the regression results are not significant.

  • Abadie, A.Gardeazabal, J. (2003): The Economic Cost of Conflict: A Case Study of the Basque Country. The American Economic Review, 93(1): 113132.

    • Search Google Scholar
    • Export Citation
  • Amélie, C.Darné, O. (2006): Large Shocks and the September 11th Terrorist Attacks on International Stock Markets. Economic Modeling, 23(4): 683698.

    • Search Google Scholar
    • Export Citation
  • Arellano, M.Bond, S. (1991): Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations. Review of Economic Studies, 58(2): 277297.

    • Search Google Scholar
    • Export Citation
  • Aslam, F.Kang, H. G. (2015): How Different Terrorist Attacks Affect Stock Markets. Defense and Peace Economics, 26(6): 634648.

  • Bandyopadhyay, S.Sandler, T.Younas, J. (2014): Foreign Direct Investment, Foreign Aid and Terrorism. Oxford Economic Papers, 66(1): 2550.

    • Search Google Scholar
    • Export Citation
  • Blomberg, S.Hess, G. (2004): How Much Does Violence Tax Trade? CESifo Working Paper Series, No. 1222. Munich.

  • Carter, D.Simkins, B. (2004): The Market’s Reaction to Unexpected, Catastrophic Events: The Case of Airline Stock Returns and the September 11th Attacks. Quarterly Review of Economics and Finance, 44(4): 539558.

    • Search Google Scholar
    • Export Citation
  • Cermeno, R.Grier, K. (2006): Conditional Heteroscedasticity and Cross-Sectional Dependence in Panel Data: An Empirical Study of Inflation Uncertainty in the G7 Countries. In: Baltagi, B. H. (ed.): Panel Data Econometrics, Amsterdam: North-Holland, pp. 259277.

    • Search Google Scholar
    • Export Citation
  • Chen, A.Siems, T. (2004): The Effects of Terrorism on Global Capital Markets. European Journal of Political Economy, 20(2): 349366.

    • Search Google Scholar
    • Export Citation
  • Chesney, M.Reshetar, G. (2007): The Impact of Terrorism on Financial Markets: An Empirical Study. Working paper, Swiss Banking Institute, University of Zurich.

    • Search Google Scholar
    • Export Citation
  • Council on Foreign Relations (2016): Trends in U.S. Military Spending. http://www.cfr.org/defensebudget/ trends-us-military-spending/p28855 [Accessed 30 May 2016].

    • Search Google Scholar
    • Export Citation
  • Dabrowski, M. (2016): The Arab and Post-Communist Transformations: Similarities, Differences and Common Lessons. Acta Oeconomica, 66(2): 181212.

    • Search Google Scholar
    • Export Citation
  • De Sousa, J.Mirza, D.Verdier, T. (2010): Terrorism Networks and Trade: Does the Neighbor Hurt? CEPII Working paper, No. 04, Paris.

    • Search Google Scholar
    • Export Citation
  • Drakos, K. (2009): Big Questions, Little Answers: Terrorism Activity, Investor Sentiment and Stock Returns. Economics of Security Working Paper Series, No. 8, Institute for Economic Research (DIW), Berlin, Germany.

    • Search Google Scholar
    • Export Citation
  • Eckstein, Z.Tsiddon, D. (2004): Macroeconomic Consequences of Terror: Theory and the Case of Israel. Journal of Monetary Economics, 51(5): 9711002.

    • Search Google Scholar
    • Export Citation
  • Eldor, Ρ.Melnick, R. (2004): Financial Markets and Terrorism. European Journal of Political Economy, 20(2): 367386.

  • Enders, W.Sandler, T. (1996): Terrorism and Foreign Direct Investment in Spain and Greece. Kyklos, 49(3): 331352.

  • Filler, R. K.Stanisic, D. (2016): The Effects of Terrorist Incidents on Capital Flows. Review of Development Economics, 20(2): 502513.

    • Search Google Scholar
    • Export Citation
  • Gulley, D.Sultan, J. (2008): Risk Premium, Volatility, and Terrorism: New Evidence. Working paper, Bentley College.

  • Mehmood, S. (2014): Terrorism and the Macroeconomy: Evidence from Pakistan. Defense and Peace Economics, 25(5): 509534.

  • Nikkinen, J.Mohammad, O.Sahlstrom, P.Aijo, J. (2008): Stock Returns and Volatility Following the September 11 Attacks: Evidence from 53 Equity Markets. International Review of Financial Analysis, 17(1): 27-46.

    • Search Google Scholar
    • Export Citation
  • Nitsch, V.Schumacher, D. (2003): Terrorism and Trade. Discussion Papers, No. 353, DIW, Berlin.

  • Procasky, W.Ujah, N. U. (2016): Terrorism and Its Impact on the Cost of Debt. Journal of International Money and Finance, 60C: 253266.

    • Search Google Scholar
    • Export Citation
  • Tavares, J. (2004): The Open Society Assesses its Enemies: Shocks, Disasters and Terrorist Attacks. Journal of Monetary Economics, 51(5): 10391070.

    • Search Google Scholar
    • Export Citation
Submit Your Manuscript
 
The author instruction is available in PDF.
Please, download the file from HERE.

 

The description of the refereeing procedure is available in PDF.
Please, download the file from HERE.

 

 

Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

  • Ádám Török (Chairman) / University of Pannonia; Budapest University of Technology and Economics
  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

Advisory Board

  • Ǻslund, Anders, Institute of International Economics, Washington (USA)
  • Kolodko, Grzegorz, Kozminski University, Warsaw (Poland)
  • Mau, Vladimir, Academy of National Economy (Russia)
  • Messerlin, Patrick A, Groupe d’Economie Mondiale (France)
  • Saul Estrin, London School of Economics (UK)
  • Wagener, Hans-Jürgen, Europa Universität Viadrina (Germany)

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary

Indexing and Abstracting Services:

  • EconLit
  • Elsevier GEO Abstracts
  • GEOBASE
  • International Bibliographies IBZ and IBR
  • JEL
  • Referativnyi Zhurnal
  • RePEc
  • SCOPUS
  • Social Science Citation Index
  • Index Copernicus

 

2020  
Total Cites 275
WoS
Journal
Impact Factor
0,875
Rank by Economics 325/377 (Q4)
Impact Factor  
Impact Factor 0,534
without
Journal Self Cites
5 Year 0,500
Impact Factor
Journal  0,38
Citation Indicator  
Rank by Journal  Economics 347/549 (Q3)
Citation Indicator   
Citable 37
Items
Total 37
Articles
Total 0
Reviews
Scimago 13
H-index
Scimago 0,292
Journal Rank
Scimago Economics and Econometrics Q3
Quartile Score  
Scopus 225/166=1,4
Scite Score  
Scopus Economics and Econometrics 392/661 (Q3)
Scite Score Rank  
Scopus 0,668
SNIP  
Days from  289
sumbission  
to acceptance  
Days from  447
acceptance  
to publication  

2019  
Total Cites
WoS
212
Impact Factor 0,914
Impact Factor
without
Journal Self Cites
0,728
5 Year
Impact Factor
0,650
Immediacy
Index
0,156
Citable
Items
45
Total
Articles
45
Total
Reviews
0
Cited
Half-Life
3,9
Citing
Half-Life
9,5
Eigenfactor
Score
0,00015
Article Influence
Score
0,052
% Articles
in
Citable Items
100,00
Normalized
Eigenfactor
0,01891
Average
IF
Percentile
28,437
Scimago
H-index
12
Scimago
Journal Rank
0,439
Scopus
Scite Score
214/165=1,3
Scopus
Scite Score Rank
Economics and Econometrics 355/637 (Q3)
Scopus
SNIP
0,989

 

Acta Oeconomica
Publication Model Hybrid
Submission Fee none
Article Processing Charge 900 EUR/article
Printed Color Illustrations 40 EUR (or 10 000 HUF) + VAT / piece
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription fee 2021 Online subsscription: 588 EUR / 732 USD
Print + online subscription: 688 EUR / 860 USD
Subscription fee 2022 Online subsscription: 600 EUR / 750 USD
Print + online subscription: 704 EUR / 880 USD
Subscription Information Online subscribers are entitled access to all back issues published by Akadémiai Kiadó for each title for the duration of the subscription, as well as Online First content for the subscribed content.
Purchase per Title Individual articles are sold on the displayed price.

Acta Oeconomica
Language English
Size B5
Year of
Foundation
1966
Publication
Programme
2021 Volume 71
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia
Founder's
Address
H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)

Monthly Content Usage

Abstract Views Full Text Views PDF Downloads
May 2021 4 0 0
Jun 2021 2 0 0
Jul 2021 0 0 0
Aug 2021 4 0 0
Sep 2021 10 0 0
Oct 2021 2 0 0
Nov 2021 0 0 0