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

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

Universidad de San Carlos de Guatemala; Center of Latin American Studies (CLAS) - University of Malaya; University of Malaya (UM) - Social Security Research Centre (SSRC)

Alam Khan

KUST

Donghyun Park

Nanyang Technological University (NTU); Asian Development Bank

Date Written: August 2, 2017

Abstract

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

Ruiz Estrada, Mario Arturo and Khan, Alam and Park, Donghyun, The Economic Cost of the Islamic State on the Syrian and Iraqi Economies (August 2, 2017). Quality and Quantity 52(4):1707-1730, 2017, Available at SSRN: https://ssrn.com/abstract=3012421

Mario Arturo Ruiz Estrada (Contact Author)

Universidad de San Carlos de Guatemala ( email )

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Guatemala, Guatemala city
Guatemala
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HOME PAGE: http://www.usac.edu.gt

Center of Latin American Studies (CLAS) - University of Malaya ( email )

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

University of Malaya (UM) - Social Security Research Centre (SSRC) ( email )

Malaysia

Alam Khan

KUST ( email )

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

Donghyun Park

Nanyang Technological University (NTU) ( email )

S3 B2-A28 Nanyang Avenue
Singapore, 639798
Singapore

Asian Development Bank

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

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