Publikationen des Projekts: A New Agenda for European Security Economics (EUSECON)

Perceptions and Attitudes to a Terrorist Shock: Evidence from the UK

The emergence of transnational terrorism in Western countries has raised the debate about security measures, some of which could constrain civil liberties. This is the first paper that uses terrorist attacks (on 7th July, 2005 in London) as an exogenous source of variation to study the dynamics of risk perceptions and its impact on the readiness to trade off civil liberties for enhanced security. In ...

Does Terrorism Work?

This paper examines whether terrorism is an effective tool to achieve political goals. By exploiting variation in terror attacks over time and across locations in Israel from 1984 to 2006, we show that local terror attacks cause Israelis to be: (i) more willing to grant territorial concessions to the Palestinians; (ii) more willing to accept a Palestinian state; (iii) less likely to identify oneself ...

On the Interaction between Fear and Hatred

This paper models conflictual interaction between a European state and a domestic dissident immigrant minority group, Muslims say, some of whom may resort to acts of terrorism. Here, identity is crucial and provides the micro-foundations of dissident behaviour by solving the collective action problem; however, complex multiple identities are possible. Militancy or hatred of the West arises both because ...

Big Questions, Little Answers: Terrorism Activity, Investor Sentiment and Stock Returns

Motivated by the investor sentiment literature and assuming that terrorist activity influences investor mood the paper explores whether terrorism exerts a significant negative impact on daily stock market returns for a sample of 22 countries. The employed empirical specifications are based on flexible versions of the World CAPM allowing for autoregressive conditional heteroscedasticity. The results ...

More Security Issues are Needed on the European Union Agenda: Beyond an Academic Concept of In/Security in the Era of Global Terrorism

Security as an objectively existing quality which can be discussed in innumerable ways, but it may hardly be ignored and its significance (let alone its existence) may hardly be doubted. Security is a fundamental human need which is a subject of our efforts for its satisfaction and its chronic deficiency leads to frustration. Considering the differing views on how the term "security" itself should ...

Security Economics: A Guide for Data Availability and Needs

The rapid and accelerating development of security economics has generated great demand for more and better data to accommodate the empirical research agenda. The present paper serves as a guide to policy makers and researchers for security-related databases. The paper focuses on two main issues. Firstly, it takes stock of the existing databases, highlighting their main components and also performs ...

Security Economics: Definition and Capacity

Notions of Insecurity and Security Policy within the EU: A Historical Perspective

This paper maps notions of insecurity and security policy within the European Union (EU), with a particular emphasis on terrorism and organised crime. The analysis reveals manifold and sometimes diverse dynamics with regard to threat perceptions and policy preferences of European political agents. Both notional changes and continuities are characteristic for the development of threat perceptions in ...

The Threat of Terrorism: The Perspective of a Policy-Maker

This note defines and analyzes the most important issues concerning decisionmaking about human-induced insecurities such as terrorism and organized crime from the perspective of a policymaker. By means of modeling the policymakers trade-o_ between the e_ectiveness and costs of policy measures targeted at reducing the threat of terrorism, we aim at helping to understand the role economic research can ...

Threat Perceptions in Europe: Domestic Terrorism and International Crime

This paper focuses on two areas of security concern for the European Union: terrorism and international crime. I present a model of game-theoretic interaction between a European state and a domestic dissident group, who, on occasion, may resort to acts of terrorism. Here, identity is crucial to the putative terrorist, providing the microfoundations of dissident group behaviour by solving the collective ...