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The Impact of 9/11 and the London Bombings on the Employment and Earnings of U.K. Muslims

Using a difference-in-differences framework, this paper estimates the impact that Britain's July 2005 bombings had on the labor market outcomes of UK residents who are either Muslim by religious affiliation or whose nativity profiles are similar to the terrorists. We find a 10 percentage point decrease in the employment of very young Muslim men relative to non-Muslim immigrants after the London bombings. ...

Money Laundering: Some Facts

The term "Money Laundering" originates from the US describing the Mafia's attempt to "launder" illegal money via cash-intensive washing salons, which where controlled by company acquisitions or business formations. Estimated two to five per cent of the global gross domestic product stems from illicit sources. A great deal of the money derives from drug-dealing, with a total revenue of 810 Billion USD ...

Money Laundering and Financial Means of Organized Crime: Some Preliminary Empirical Findings

After giving a short literature review, the paper tries a quantification of the volume of money laundering activities, with the help of a MIMIC estimation procedure for the years 1995 to 2006 for 20 highly developed OECD countries. The volume of laundered money was 273 billions USD in the year 1995 for these 20 OECD countries and increased to 603 billions USD in 2006. The overall turnover in organized ...

The Origins of Terrorism: Cross-Country Estimates on Socio-economic Determinants of Terrorism

As a prerequisite of an appropriate anti-terror strategy, it is indispensable to assess the underlying causes of terror. We examine social and economic conditions in the country of origin of terrorist attacks, claiming that low opportunity costs of terror, e.g., approximated by slow growth and poor institutions raise the likelihood of terror and the willingness in the population to support terror. ...

Patterns of Force: System Strength, Terrorism and Civil War

We jointly analyze the genesis of terrorism and civil war, providing a simple conceptual framework to explain why violent opposition groups choose distinct forms of violence (i.e., terrorism and open rebellion). We argue that the distinct modes of violent opposition are chosen by violent opposition groups in response to the strengths and weaknesses of the system they challenge. An empirical test of ...

The European Security Industry: A Research Agenda

The security industry can be defined, in the first instance, as the industry that produces the goods and services required to protect citizens from insecurity. Yet, this industry, as opposed to defence, has not been an area of intense research. Their boundaries are unclear and the industry is not well characterised. This paper analyses this knowledge gap and presents some ideas for a research agenda ...

The Technology of Terror: Accounting for the Strategic Use of Terrorism

To comprehend why a group would intentionally target civilians, we need to understand why other groups do not. In this chapter, we argue that disgruntled groups face three main choices when addressing their dissatisfaction: suffering a disadvantageous peace, engaging in unconventional warfare, or engaging in conventional warfare. We further disaggregate the choice of unconventional warfare into terrorism ...

Human Rights Violations After 9/11 and the Role of Constitutional Constraints

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 ...

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 ...