Does terrorism make people pessimistic? Evidence from a natural experiment

Guo, Shiqi; An, Jiafu

doi:10.1016/j.jdeveco.2022.102817

Cited by 11 publications

(7 citation statements)

References 57 publications

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“…This results in increased rent-seeking costs for enterprises, fostering a pessimistic market expectation among rent-seekers. Such circumstances hinder optimal economic decision-making, consequently reducing welfare levels [69].…”

Section: Plos Onementioning

confidence: 99%

Judicial improvement, market integration, and export technical complexity-a quasi-natural experiments based on the creation of circuit courts

Gao,

Kong

2024

PLoS ONE

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Judicial improvement and trade structure optimization are important elements in achieving a high level of openness. This paper develops a theoretical framework on the impact of local protectionism on market integration and export technical complexity, and then empirically analyses the effect of judicial improvement on the technical complexity of urban product exports and its mechanism of action based on a quasi-natural experiment with the establishment of circuit courts. The study finds that the establishment of circuit courts significantly increases the technical complexity of product exports, and the findings remain valid after a series of robustness tests. Further analysis shows that the technology enhancement effect of the establishment of circuit courts is more pronounced in the group of cities with higher administrative levels, better location advantages, and less advanced rule of law. Mechanism Analysis shows that a superior institutional environment can have a two-sided effect on different types of firms. Overall, however, the productivity-enhancing effect of low-productivity firms exiting the market is lower than the productivity-reducing effect of higher-productivity firms’ increased compliance costs, which in turn weakens the positive promotional effect of circuit courts. The above theoretical and empirical findings provide policy implications for maximizing the technology enhancement effect of the establishment of circuit courts on product exports, thereby promoting a high level of openness in China.

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Section: Plos Onementioning

confidence: 99%

Judicial improvement, market integration, and export technical complexity-a quasi-natural experiments based on the creation of circuit courts

Gao,

Kong

2024

PLoS ONE

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“…There can also be spillovers to other countries: Metcalfe et al (2011) show that the 9/11 terror attacks have resulted in a surge in mental distress in the United Kingdom. Related to this, there is also large-scale evidence from Africa that exposure to terrorism makes people more pessimistic (Guo and An (2022)).…”

Section: The Detrimental Effect Of Conflict On Healthmentioning

confidence: 99%

Conflict, Civil Wars, and Human Development

Rohner

2023

Handbook of Labor, Human Resources and Population Economics

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Conflicts such as civil wars have manifold negative consequences on human development.In this survey article the existing literature is reviewed on the impact of conflict on educational attainment, health outcomes, inter-group trust and generalized social capital, as well as economic outcomes. It is stressed that four dimensions of adverse consequences from war exposure can give birth to four corresponding vicious cycles and war traps. Finally, a series of policies for peace are discussed, including policies that boost productivity and human capital accumulation, that foster inter-group trust and interaction, and that strengthen democratic institutions and governance. * Acknowledgements: Dominic Rohner gratefully acknowledges financial support from the ERC Starting Grant POLICIES FOR PEACE-677595.

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“…An optimistic outlook regarding the economy leads to a rise in the level of new investments, which in turn translates into increased economic growth. On the other hand, a pessimistic outlook can result in stagnation of economic growth (please see also Guo and An, 2022).…”

Section: Introductionmentioning

confidence: 99%

Effects of terrorism and economic policy uncertainty on economic complexity in Africa: A study of the moderating role of governance institutions

Ogbuabor,

Emeka,

Nwosu

2023

South African J Economics

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Following the paucity of empirical evidence on the effects of terrorism and uncertainty on economic complexity in Africa and the moderating role of governance institutions on these relationships, this study raised two important questions. First, how are terrorism and uncertainty impacting on economic complexity in Africa? Second, how are governance institutions moderating the effects of terrorism and uncertainty on economic complexity in Africa? To answer these questions, the study employed pooled ordinary least squares and dynamic system generalized method of moments (GMM) estimators, with a panel of 33 African countries over the period 2010–2021. We find that the unconditional effects of terrorism and uncertainty on economic complexity in Africa are predominantly negative and significant. We also find that governance institutions predominantly have unconditional positive and significant impact on economic complexity in Africa but failed to moderate the adverse effect of uncertainty on economic complexity. However, trade openness, international tourism and lagged economic complexity are potent factors promoting economic complexity in Africa, while physical capital stock remained a deterring factor. The study concluded that policymakers and leaders in Africa should engage in collaborative efforts at the African Union level to promote high‐quality institutions, while simultaneously addressing the detrimental effects of terrorism and uncertainty on the continent.

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Does terrorism make people pessimistic? Evidence from a natural experiment

Cited by 11 publications

References 57 publications

Judicial improvement, market integration, and export technical complexity-a quasi-natural experiments based on the creation of circuit courts

Judicial improvement, market integration, and export technical complexity-a quasi-natural experiments based on the creation of circuit courts

Conflict, Civil Wars, and Human Development

Effects of terrorism and economic policy uncertainty on economic complexity in Africa: A study of the moderating role of governance institutions

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