Terrorism and the economy: impacts on the capital market and the global tourism industry
COVER -- TABLE OF CONTENTS -- INTRODUCTION -- 1. THE ISLAMIC STATE AND ECONOMIC IMPACTS ON SYRIA AND IRAQ, Kim Martin -- 1.1 INTRODUCTION -- 1.2 ISLAMIC TERRORISM: THE COMPLEX RELATIONSHIP BETWEEN TERRORISM AND RELIGION -- 1.3 IS' ECONOMIC BASE -- 1.4 ECONOMIC IMPACTS OF THE SYRIAN CRISIS -- 1.5 IRAQ' S ECONOMIC CHALLENGES -- 1.6 CONCLUSION -- REFERENCES -- 2. CONTAGION IN INTERNATIONAL STOCK MARKETS FROM TERRORIST ATTACKS*, Sanjay Kumar and Jiangxia Liu** -- 2.1 INTRODUCTION -- 2.2 LITERATURE -- 2.3 HYPOTHESES -- 2.4 DATA -- 2.5 METHODOLOGY -- 2.5.1 Event Study -- 2.5.2 Logit Model -- 2.6 ANALYSIS AND IMPLICATION OF RESULTS -- 2.6.1 Results -- 2.6.2 Discussion and Implications -- 2.7 CONCLUSIONS -- REFERENCES -- 3. INDUSTRY EFFECTS OF RECENT TERRORIST ATTACKS: EVIDENCE FROM SINGAPORE*, Vikash Ramiah and Clara Wong Chia Hui** -- 3.1 INTRODUCTION -- 3.2 DATA AND METHODS -- 3.2.1 Data -- 3.2.2 Methodology -- 3.2.3 Parametric Tests -- 3.2.4 Nonparametric Tests -- 3.2.5 Regression Analysis -- 3.3 EMPIRICAL FINDINGS -- 3.3.1 United States: September 11 -- 3.3.2 Bali -- 3.3.3 Madrid -- 3.3.4 London -- 3.3.5 Mumbai -- 3.4 SYSTEMATIC RISK -- 3.5 CONCLUSION -- REFERENCES -- 4. ECONOMIC EFFECTS OF TERRORISM, Karin Glaser* -- 4.1 INTRODUCTION -- 4.2 ECONOMIC GROWTH -- 4.3 CAPITAL MARKETS -- 4.4 FOREIGN TRADE -- 4.5 FOREIGN DIRECT INVESTMENT -- 4.6 DOMESTIC INVESTMENT AND GOVERNMENT SPENDING -- 4.7 EMPLOYMENT AND WAGES -- 4.8 INDUSTRY BRANCHES -- 4.8.1 Effects of Terrorism Targeted to Tourism -- 4.8.2 Reasons for Attacking Tourism -- 4.8.3 Terrorism Impacts on Tourism -- 4.9 OVERALL ECONOMIC COSTS OF TERRORISM -- 4.10 DISCUSSION -- REFERENCES -- 5. NOTE ON TERRORISM AND TOURISM, Peter E. Tarlow* -- REFERENCES -- 6. HOW DO TERRORISM AND TOURISM COEXIST IN TURBULENT TIMES? INTRODUCTION TO A CONFLICTING RELATIONSHIP, Mathilda van Niekerk and Abraham Pizam*.