| 来源类型 | Discussion paper
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| 规范类型 | 论文
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| 来源ID | DP6178
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| DP6178 Are More Important Patents Approved More Slowly and Should They Be? |
| Pierre Régibeau; Kate Rockett
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| 发表日期 | 2007-03-09
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| 出版年 | 2007
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| 语种 | 英语
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| 摘要 | What is the impact of terrorism on trade through higher security at the borders? We set up a theory which shows that the impact goes not only from terrorism to trade; higher trade with a partner might, in turn, increase the probability of terrorism acts and make security measures more costly for total welfare. In order to identify the true impact of terrorism, our theory allows then for a strategy to condition out the latter mechanism. We show in particular how past incidents perpetrated in third countries (anywhere in the world except the origin or targeted country) constitute good exogenous factors for current security measures at the borders. Our tests suggest that terrorist incidents have a small effect on US imports on average, but a much higher effect for those origin countries at the top of the distribution of incidents. In addition, the level of the impact is up to three times higher when the acts result in a relatively high number of victims, the products are sensitive to shipping time, and the size of the partner is small. The paper further shows how terrorism affects the number of business visas delivered by the Unites States, thereby impacting significantly US imports in differentiated products. These results suggest that security to prevent terrorism does matter for trade. |
| 主题 | International Trade and Regional Economics
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| 关键词 | Terrorism
Trade
Security
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| URL | https://cepr.org/publications/dp6178
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| 来源智库 | Centre for Economic Policy Research (United Kingdom)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535014
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推荐引用方式
GB/T 7714 |
Pierre Régibeau,Kate Rockett. DP6178 Are More Important Patents Approved More Slowly and Should They Be?. 2007.
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