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
Date Written: May 21, 2015
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: Suggested Citation