Terrorism and the economics of trust
Bibliographic Data
| ID | 3917959 |
|---|---|
| Authors | Brock Blomberg, S Brock Blomberg (Claremont McKenna College), Gregory D He, Gregory D Hess (Claremont McKenna College), Daniel Yj Tan (Pomona College) |
| Year | 2011 |
| Volume | 48 |
| Issue | 3 |
| Pages | 383-398 |
| Publication date | 2011-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Peace Research (JOURNAL) |
| Journal identifiers | ISSN: 0022-3433 • E-ISSN: 1460-3578 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0022343311401641 |
| OpenAlex | W2092848981 |
| Language | EN |
| Citations received | 14 |
| References cited | 50 |
Previous research has shown that trust is an important component that encourages investment and capital formation which, in turn, enhances economic performance. This article investigates the effect of terrorism on income, including its indirect role through lowering trust. We consider terrorism as a factor that can increase the cost of investing in technology and capital formation due to its ability to diminish trust in an economy. We then develop a novel and rich dataset spanning 179 countries from 1968 to 2007 using associated community, social, cultural, political, and economic factors from the World Values Survey and international terrorism incidence data from ITERATE. Using empirical tests, we first show that terrorism has a negative and statistically significant impact on individual income. This impact is larger than what has previously been found, possibly due to aggregation effects and data selection. We then estimate the societal impact of terrorism on economic growth by examining the extent to which terrorism taxes trust and how this, in turn, hinders economic performance. Consequently, we develop a measure of the economic consequences of terrorism through sizing the magnitude of the 'trust tax' from terrorism. We find that the trust tax is relatively minor compared to the direct impact of terrorism on income
Economic impact analysis · Economics · Empirical research · Investment (military) · Microeconomics · Political science · Politics · Public economics · Social capital · Survey data collection · Terrorism · Culture, Economy, and Development Studies · Taxation and Compliance Studies · Terrorism, Counterterrorism, and Political Violence
The welfare cost of terrorism
How Fear Drives Us Apart
Spatiotemporal evolution of Nigeria’s armed conflicts and terrorism and the associated shift in social perceptions
Identification and analysis of major risk factors causing national terrorism
The role of social capital in the perception of images of the Islamic State
Warnings, terrorist threats and resilience
The Invisible Impact of Conflict
The Day After the Bomb
The 2005 London terror attacks
The stock market effects of Islamist versus non-Islamist terror
Terrorism’s effects on social capital in European countries
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New frontiers of terrorism research
Does transnational terrorism reduce foreign direct investment? Business-related versus non-business-related terrorism
Economic conditions and terrorism
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The Penn World Table (Mark 5)
The macroeconomic consequences of terrorism
Terrorism in a Bargaining Framework
An Econometric Analysis of the Impact of Terrorism on Tourism
Bowling alone
Social Capital in the Creation of Human Capital
The Moral Foundations of Trust
Poverty, Political Freedom, and the Roots of Terrorism
An economic perspective on transnational terrorism
The Moral Foundations of Trust
Causality between transnational terrorism and tourism
Counting the Cost of the Intifada
Determinants of generalized trust
Effects of terrorism on attitudes and ideological orientation
Threat as a factor in authoritarianism
Threat and authoritarianism in the United States, 1978-1987
The Impact of Terrorism on the Defence Industry
Modelling Political Instability and Economic Performance
Trust and Growth
Trust, Social Capital, Civil Society, and Democracy
Regional Effects of Terrorism on Tourism in Three Mediterranean Countries
Does Democracy Promote or Reduce Transnational Terrorist Incidents
The Temporal Links between Conflict and Economic Activity
Distribution of Transnational Terrorism Among Countries by Income Class and Geography After 9/11
Why Violence Spreads
The Causes of Terrorism
Threat and authoritarianism in the United States, 1978–1987
Self-reports
The Economic Costs of Conflict
Does Social Capital Have an Economic Payoff? A Cross-Country Investigation
Measuring Trust
On the relationship between democracy and terrorism
Terrorism and Democracy
Terrorism and democracy
Does democracy encourage terrorism
Education, Poverty and Terrorism
The adverse effect of transnational and domestic terrorism on growth in Africa
The Effectiveness of Antiterrorism Policies
Social Capital in the Creation of Human Capital
| Unique citing works | 14 |
|---|---|
| Citations per year | 0,93 |
| Citation span | 2011 - 2026 (16) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 12 |