This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Citation Map Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Request Permissions Request Reprints Add to My Marked Citations Citing Articles Citing Articles via Google Scholar Google Scholar Articles by Greenbaum, R. T. Articles by LaFree, G. Search for Related Content Social Bookmarking                   What's this?

The Impact of Terrorism on Italian Employment and Business Activity

John Glenn School of Public Affairs, Ohio State University, 310N Page Hall, 1810 College Road, Columbus, OH 43210-1336, USA, greenbaum.3{at}osu.edu

Laura Dugan

Department of Criminology and Criminal Justice, University of Maryland, 2220 LeFrak Hall, College Park, MD 20742, USA, ldugan{at}crim.umd.edu

Gary LaFree

National Center for the Sudy of Terrorism and Responses to Terrorism, University of Maryland, 3300 Symons Hall, College Park, MD 20742, USA, .glafree{at}start.umd.edu

Despite the growth in research examining direct economic impacts of terrorism, the indirect impact of terrorism on the stability of local economies has generally been overlooked. Using panel data regression models and the most comprehensive open source database on terrorism currently available to researchers, the paper examines the impact of terrorism on employment and business outcomes in Italy from 1985 to 1997. It is found that terrorist attacks reduce the number of firms and employment in the year following an attack. By disaggregating net outcomes into their component gross flows, it is also found that these impacts are primarily attributable to reduced business formations and expansions.

CiteULike    Connotea    Del.icio.us    Digg    Reddit    Technorati    What's this?