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The Effects of Terrorism on Economic Performance: The Case of Islamic State in Iraq and Syria (ISIS)

Quality & Quantity Journal 50(4): 1645-1661, 2016

Posted: 21 May 2015 Last revised: 12 Jun 2016

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

Alam Khan

KUST

Date Written: May 21, 2015

Abstract

This research work examines the effects of terrorism on economic performance of the Islamic State in Iraq & Syria (ISIS) by using the application of Economics of Crime Monitoring Model (ECM-Model) of Ruiz Estrada & Ndoma (2014). The application of this model for ISIS has five phases (a) The total terrorism frequency rate (β) (b) The national terrorism vulnerability rate (µT) (c) The terrorism devastation magnitude rate (λ) (d) The economic desgrowth rate (δ) (e) The terrorism vulnerability surface (VV-surface). This study analyses that how terrorism badly affects the economic performance of Iraq and Syria.

Keywords: Terrorism, Economic Desgrowth, ISIS, Iraq, Syria

JEL Classification: R11, R12

Suggested Citation

Ruiz Estrada, Mario Arturo and Khan, Alam, The Effects of Terrorism on Economic Performance: The Case of Islamic State in Iraq and Syria (ISIS) (May 21, 2015). Quality & Quantity Journal 50(4): 1645-1661, 2016 . Available at SSRN: https://ssrn.com/abstract=2608795

Mario Arturo Ruiz Estrada

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

Kuala Lumpur, 50603
Malaysia
+60126850293 (Phone)

HOME PAGE: http://ssrc.um.edu.my/

Alam Khan (Contact Author)

KUST ( email )

Department of Economics Kohat University of Scienc
Kohat, Khyber Pakhtunkhwa 26000
Pakistan

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