| ID | 130401 |
| Title Proper | Terrorism, crime and public spending |
| Other Title Information | panel VAR evidence from Europe |
| Language | ENG |
| Author | Drakos, Konstantinos ; Konstantinou, Panagiotis Th |
| Publication | 2014. |
| Summary / Abstract (Note) | Within a panel VAR framework and utilizing generalized impulse response and forecast error variance decomposition analysis, we explore the dynamic effects of terrorism and crime on public order and safety spending across European countries during the period 1994-2006. Our findings show that a 'shock' in terrorism and/or in crime, significantly increases the subsequent trajectory of public order and safety spending. As a by-product, we find that public spending is ineffective in reducing observed crime or terrorism. |
| `In' analytical Note | Defence and Peace Economics Vol.25, No.4; August 2014: p.349-361 |
| Journal Source | Defence and Peace Economics Vol.25, No.4; August 2014: p.349-361 |
| Key Words | Terrorism ; Global Terrorism ; Terrorist Activities ; Europe ; VAR Panel ; Public Order ; Public Security ; Defence Expenditure ; Security Expenses ; Subsequent Trajectory |