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Meslek Yüksek Okulu

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Browsing Meslek Yüksek Okulu by Journal "Defence And Peace Economics"

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    Citation Count: Araz-Takay, B., Arın, K.P., Omay, T. (2009). The endogenous and non-linear relationship between terrorism and economic performance: Turkish evidence. Defence And Peace Economics, 20(1), 1-10. http://dx.doi.org/10.1080/10242690701775509
    The endogenous and non-linear relationship between terrorism and economic performance: Turkish evidence
    (Taylor&Francis INC, 2009) Arın, K. Peren; Omay, Tolga; Araz, Bahar; 177438
    This paper investigates the macroeconomic effects of terror by using a novel data set from Turkey for the period of 1987:1 to 2004:4. This research contributes to the literature by controlling for the possible non-linear and endogenous relationship between political conflict and economic activity. Empirical evidence from both linear and non-linear models confirms that terrorism has a large significant negative impact on economic activity. Finally, the results from the non-linear model show that the impact of terrorism on the aggregate economy is more severe during expansionary periods, and that the impact of economic activity on terrorism is significant only in recessionary periods