Terrorism and the Invisible Hook

This article investigates and compares the root causes of transnational terrorism and piracy. In order to accomplish this, we construct a novel data set that catalogues terrorist activity and piracy over the years 1992–2008, paying particular attention to the Arabian Sea and Indian Ocean since 1991....

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Bibliographic Details
Published in:Southern economic journal 2013-04, Vol.79 (4), p.849-863
Main Authors: Blomberg, S. Brock, Fernholz, Ricardo, Levin, John-Clark
Format: Article
Language:English
Subjects:
Analysis
Armed conflict
Attention
Economic aspects
Economic conditions
Economic growth
Economic models
Economic recessions
Economic statistics
Economic theory
Forecasts and trends
Indian Ocean
Information
International
Law
Military
Military alliances
Organization
Peacetime
Piracy
Pirates
Political aspects
Probabilities
Prosperity
Ransom
Ship hijacking
Studies
Symposium
Terrorism
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Description
Summary:This article investigates and compares the root causes of transnational terrorism and piracy. In order to accomplish this, we construct a novel data set that catalogues terrorist activity and piracy over the years 1992–2008, paying particular attention to the Arabian Sea and Indian Ocean since 1991. These data are then merged with other information detailing the economic, political, and security posture of each organization during the same period so that we can examine the relationship between economic prosperity, security, terrorism, and piracy. The main conclusion is that terrorism is mostly unrelated to economic conditions, while piracy responds to both economic payoffs and military deterrents.
ISSN:0038-4038
2325-8012
DOI:10.4284/0038-4038-2012.290