Terrorist Attack Assessment: Paris November 2015 and Brussels March 2016

Journal of Policy Modeling, 38(3): 553-571, 2016

19 Pages Posted: 20 Apr 2016 Last revised: 20 Oct 2016

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

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

Evangelos Koutronas

Universiti Sains Malaysia

Date Written: April 18, 2016

Abstract

This paper intends to establish conceptual foundations of analyzing the economic dimensions of terrorism. The economic impact of terrorist attack model (EITA-Model) attempts to estimate the optimum number of potential terrorist incidents that can influence the regional economic performance. The model suggests a three-phase of terrorist operations: (i) The terrorist group attack setting; (ii) the terrorist group attack behavior; and (iii) the post-effect of the terrorist group attack. The model introduces five alternative risk indicators for the estimation of terrorist attacks: (i) the maximum level of terrorist group attack targets (φ'); (ii) terrorist group attack destruction (-π); (iii) economic terrorist wear (W); (iv) economic desgrowth (-δ); and (v) the multidimensional graphical sub-strategic national security sector analysis. The model investigates the recent terrorist attacks in Paris November 2015 and in Brussels March 2016.

Keywords: Economic Modeling, Terrorism, France, Belgium, Economic, Policy Modeling

JEL Classification: R11, R12

Suggested Citation

Ruiz Estrada, Mario Arturo and Koutronas, Evangelos, Terrorist Attack Assessment: Paris November 2015 and Brussels March 2016 (April 18, 2016). Journal of Policy Modeling, 38(3): 553-571, 2016. Available at SSRN: https://ssrn.com/abstract=2766178

Mario Arturo Ruiz Estrada (Contact Author)

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

Kuala Lumpur, 50603
Malaysia
+60126850293 (Phone)

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

Evangelos Koutronas

Universiti Sains Malaysia ( email )

Minden, Penang
Malaysia

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