International Conference on Eurasian Economies

10-12 July 2017 – Istanbul, TURKEY

Paper detail

Paper ID : 1818
Status : Paper published
Language : Turkish
Topic : Macroeconomics
Presenter: Assoc. Prof. Dr. Özge Korkmaz
Session : 1D Bölgesel Çalışmalar

Terrorism and Macroeconomy: A Review of The Eurasian Economies
Terörizm ve Makroekonomi: Avrasya Ekonomileri Üzerine Bir İnceleme

• Assoc. Prof. Dr. Özge Korkmaz (Malatya Turgut Özal University, Türkiye)

Abstract

The relationship between terrorist incidents, inflation rate, unemployment rate, per capita GDP, export rate and import rate for Eurasian countries Ukraine, Moldova, Georgia, Kyrgyzstan, Kazakhstan, Tajikistan, Azerbaijan, Armenia and Belarus for the period 1994-2015. For this purpose, the Westerlund cointegration analysis and have been using the causality test introduced by Holtz-Eakin, Newey and Rosen. As a result of the analyzes, it is observed that there is a long-term relationship between the export rate and the terrorist incidents and the export rate is the reason for the terrorist incidents. At the same time, it has been found that there is no long-term interaction and causal link between all other variables and terrorist incidents considered in the study.

JEL codes: K42, C23, H56

Korkmaz, Özge (2017). "Terrorism and Macroeconomy: A Review of The Eurasian Economies" in Proceedings of International Conference of Eurasian Economies 2017, pp.450-458, Istanbul, TURKEY.

DOI: https://doi.org/10.36880/C08.01818

Full paper in PDF format.

Session 1D: Bölgesel Çalışmalar