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How a Terrorist Attack Accounts for Trade Deficit in Pakistan

Author

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  • Dawood Mamoon

    (School of Business and Economics, University of Management and Technology, Lahore, Pakistan)

Abstract

The paper calculates the monthly and daily costs of terrorism. On average there are 2 terrorist attacks every day whereas 5 citizens on average die in these attacks. A single terrorist attack costs 12 million dollars to the exports. Average per month loss in exports due to terrorism is calculated to be around 500 million dollars. Pakistan in last three years has lost nearly 30 billion dollars in exports as its market shares have fallen. Part of this loss is explained by terrorism. It is found out that cost of number of deaths and number of injured are different while exports are more sensitive to the former capturing severity of casualties that is the hall mark of extreme terrorist actions like suicide attacks.

Suggested Citation

  • Dawood Mamoon, 2014. "How a Terrorist Attack Accounts for Trade Deficit in Pakistan," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 2(12), pages 517-527, December.
    • Handle: RePEc:ijr:journl:v:2:y:2014:i:12:p:518-527
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Terrorism; Trade Deficit; Pakistan;
    All these keywords.

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics

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