@article{ref1,
title="Impact of terrorism on investment decisions of farmers: evidence from the Punjab insurgency",
journal="Journal of conflict resolution",
year="2013",
author="Singh, Prakarsh",
volume="57",
number="1",
pages="143-168",
abstract="This article provides evidence for a particular channel through which sustained terrorism in rural areas may affect growth in developing countries. Using micro-level data from agricultural surveys during the period of insurgency in Punjab (India), I find significant negative effects of terrorism on the level of investment in long-term agricultural technology, but effects are small and insignificant for short-term investment. The presence of a major terrorist incident in a district in a year reduces long-term fixed investment by around 17 percent after controlling for district fixed-effects, time trends, district trends, and other farm-level controls. These negative effects are greater for richer farmers and those living in bordering districts. This results in a farmer losing close to 4 percent of his income annually because of the insurgency.<p /> <p>Language: en</p>",
language="en",
issn="0022-0027",
doi="10.1177/0022002712464850",
url="http://dx.doi.org/10.1177/0022002712464850"
}