Fighting Terrorism: Empirics on Policy Harmonisation
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Simplice Asongu
Abstract
This paper models the feasibility of common policy initiatives against global terrorism, as well as timelines for their enforcement. The empirical evidence is based on 78 developing countries for the period 1984-2008. Domestic, transnational, unclear and total terrorism variables are used. Absolute (or unconditional) and conditional catch-ups are estimated using Generalised Method of Moments. We establish consistently that, the rate of catch-up is higher in domestic terrorism relative to transnational terrorism. The time to full catch-up required for the implementation of common policies without distinction of nationality is found to be in a horizon of 13-20 years for domestic terrorism and 24-28 years for transnational terrorism. Hence, from a projection date of 2009, in spite of decreasing cross-country differences in terrorists’ attacks, there is still a long way to go before feasible common policy initiatives can be fully implemented without distinction of nationality. The paper is original by its contribution to the empirics of conflict resolution through decreasing cross-country differences in terrorism tendencies. Policy implications are discussed.
© 2019 by Walter de Gruyter Berlin/Boston
Articles in the same Issue
- Issue Information
- Fighting Terrorism: Empirics on Policy Harmonisation
- Sovereign Reputation and Yield Spreads: A Case Study on Retroactive Legislation
- Last Minute Policies and the Incumbency Advantage
- Benford and the Internal Capital Market: A Useful Indicator of Managerial Engagement
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Articles in the same Issue
- Issue Information
- Fighting Terrorism: Empirics on Policy Harmonisation
- Sovereign Reputation and Yield Spreads: A Case Study on Retroactive Legislation
- Last Minute Policies and the Incumbency Advantage
- Benford and the Internal Capital Market: A Useful Indicator of Managerial Engagement
- Banks’ Interest Rate Risk and Search for Yield: A Theoretical Rationale and Some Empirical Evidence
- Means-Tested Long-Term Care and Family Transfers