| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5377 |
| DP5377 DSGE Models of High Exchange-Rate Volatility and Low Pass-Through | |
| Giancarlo Corsetti; Luca Dedola; Sylvain Leduc | |
| 发表日期 | 2005-12-05 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper uses scoring matching techniques and event study analysis to elucidate the impact of terrorism across different economic sectors. Using the Israeli-Palestinian conflict as a case study, we differentiate between Israeli companies that belong to the defence, security or anti-terrorism related industries and other companies. The findings show that whereas terrorism has a significant negative impact on non defence-related companies, the overall effect of terrorism on defence and security-related companies is significantly positive. Similarly, using panel data on countries' defence expenditures and imports from Israel, we find that terror fatalities in Israel have a positive effect on Israeli exports of defence products. These results suggest that the expectation of future high levels of terrorism has important implications for resource allocation across industries. |
| 主题 | Industrial Organization ; Public Economics |
| 关键词 | Terrorism Stocks returns Defense sector |
| URL | https://cepr.org/publications/dp5377 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534249 |
| 推荐引用方式 GB/T 7714 | Giancarlo Corsetti,Luca Dedola,Sylvain Leduc. DP5377 DSGE Models of High Exchange-Rate Volatility and Low Pass-Through. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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