TY  - JOUR
PY  - 2014//
TI  - Terrorism, crime and public spending: panel VAR evidence from europe
JO  - Defence and peace economics
A1  - Drakos, Konstantinos
A1  - Konstantinou, Panagiotis Th.
SP  - 349
EP  - 361
VL  - 25
IS  - 4
N2  - Within a panel VAR framework and utilizing generalized impulse response and forecast error variance decomposition analysis, we explore the dynamic effects of terrorism and crime on public order and safety spending across European countries during the period 1994-2006. Our findings show that a 'shock' in terrorism and/or in crime, significantly increases the subsequent trajectory of public order and safety spending. As a by-product, we find that public spending is ineffective in reducing observed crime or terrorism.<p />
LA  - en
SN  - 1024-2694
UR  - http://dx.doi.org/10.1080/10242694.2013.804668
ID  - ref1
ER  -