Consequences of terrorism on oil and tourism industry through frequency and time frequency domain
Palabras clave : 
Materias Investigacion::Economía y Empresa::Economía
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Fecha de la defensa: 
CRISTÓBAL, Enrique. "Consequences of terrorism on oil and tourism industry through frequency and time frequency domain". Pérez, F. y Abbritti, M. (dirs.). Tesis doctoral. Universidad de Navarra, Pamplona, 2018.
How does terrorism affect the economy? The heightened awareness of the human costs associated with terrorist events, as well as the significant redirection of economic resources have refocused efforts towards gaining a better understanding of the economic consequences of terrorism. Terrorism affects commerce and investment decisions as agents prefer to dedicate their resources to operations in safer places with equivalent profitability ratios (Essadam and Karagianis, 2014). It can also increase transaction costs and bring about changes in the regulatory environment. Government resources are also spent on counter terrorism measures and a country or region’s tax status could also change because of the need for the reallocation of budget resources to face terrorism (Gaibulloev and Sandler, 2011). Most certainly, government expenditure decisions and counter-terrorism policies are affected. Citizens may also change their purchasing preferences and their perceived image about the reputation of a particular country or region because of the effects of terrorism. It is important to mention that developed and diversified economies are able to manage terrorism better than others, fundamentally, because more monetary and fiscal tools are available to be used against terror.

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