The Economic Cost of the Islamic State on the Syrian and Iraqi Economies
Quality and Quantity 52(4):1707-1730, 2017
Posted: 3 Aug 2017 Last revised: 1 Jul 2018
Date Written: August 2, 2017
In this paper, we evaluate the economic cost of the Islamic State on the Syrian and Iraqi economies from 2010 to 2016. To do so, we use the Post-Terrorism Final Economic Damage Simulator – PTFED-Simulator. The PTFED-Simulator assesses the economic damage of terrorism based on ten different indicators: (i) total regional terrorism tension (∆Tt); (ii) harmonized antiterrorist strategy (AT ); (iii) war losses from terrorism (-πt), (iv) total economic leakage from terrorism (-Ψt); (v) economic desgrowth from terrorism (-δt); (vi) military dimension of terrorism (MDt); (vii) post-terrorism economic damage (-Πt); (viii) post terrorism economic damage evaluation; (ix) post-terrorism reconstruction plan (PTRt); and (x) terrorism effect on mega-disk networks mapping. Overall, we seek to evaluate the impact of terrorism on economic performance from a multi-dimensional perspective in both the short run and long run.
Keywords: Terrorism, war, ISIS, Syria, Iraq, economic modeling, economic desgrowth
JEL Classification: R11, R12
Suggested Citation: Suggested Citation