Time-Varying Economic Consequences of Terrorism: The Case of Turkey

Akturk E., Daştan M., YALÇINKAYA Ö.

SOSYOEKONOMI, vol.31, no.55, pp.459-485, 2023 (ESCI) identifier identifier identifier

  • Publication Type: Article / Article
  • Volume: 31 Issue: 55
  • Publication Date: 2023
  • Doi Number: 10.17233/sosyoekonomi.2023.01.23
  • Journal Name: SOSYOEKONOMI
  • Journal Indexes: Emerging Sources Citation Index (ESCI), Scopus, TR DİZİN (ULAKBİM)
  • Page Numbers: pp.459-485
  • Ondokuz Mayıs University Affiliated: No

Abstract

This study aims to analyse the economic consequences of terrorism in Turkey over the period of 1970q1-2020q4. For this purpose, the study constructs two different terrorism indices using equal and impact-weighted values of the data belonging to all measurable dimensions of terrorist acts. In addition, the study considers the effects of terrorism on economic growth and its components may vary in different periods (specific periods and short-middle-long terms) and investigates these time-varying effects by employing the TVP-SVAR model. Empirical evidence suggests that time is an important factor in the emergence of the economic consequences of terrorism and/or that these outcomes vary significantly over the sampling period.