The Cambridge Handbook on the Economics of Terrorism

Atin Basuchoudhary is the Roberts Professor of Free Enterprise at the Virginia Military Institute. He has published numerous books on machine learning and the political economy of conflict. He has also won numerous teaching and research awards at VMI, including a finalist citation for teaching excellence from the State Council of Higher Education of the Commonwealth of Virginia. Günther G. Schulze is a Professor of Economics at the University of Freiburg, Germany, and director of the Department of International Economic Policy. His research areas comprise political economy, international and development economics, and the economics of conflict and terrorism. He has published and co-edited six books and authored around 50 peer-reviewed articles in leading journals and numerous book chapters.

• Part I. Concepts and Organizing Principles: 1. Introduction: The Economic Approach to the Analysis of Terrorism Atin Basuchoudhary and Günther G. Schulze; 2. Terrorism: What We Know, What We Don't Know, and What We Need to Know Todd Sandler and Khusrav Gaibulloev; 3. Terrorism: A Brief History William F. Shughart II; 4. Measuring Terrorism with Event Databases Gary LaFree and Michael Becker; 5. Counting Every Body – Determining the Global Burden of Terrorism and Armed Conflict Anke Hoeffler; 6. Organizing Terrorism Jacob N. Shapiro, Margaret J. Foster and David A. Siegel; 7. Theories of Terrorism Atin Basuchoudhary and Gary M. Shiffman; Part II. Determinants of Terrorism: 8. Individual Determinants of Terrorism Claude Berrebi and Owen Engel; 9. The Economics of Suicide Terrorism and the Curious Case of Sri Lanka Mia M. Bloom; 10. Economics, Psychology and Terrorism Max Taylor; 11. Lock, Stock & Barrel Reloaded Martin Gassebner and Tobias Korn; 12. Machine Learning Approaches to Understanding Global Trends and Causal Determinants of Terrorism James T. Bang and Aniruddha Mitra; 13. Migration and Terrorism Tim Krieger; 14. The Economics of Terrorism and Social Media Kweku A. Opoku-Agyemang; 15. Religion and Terrorism: The Religious Utility Hypothesis Jean-Paul Carvalho; 16. Cost Benefit Decision-Making & Lone-Actor Terrorism Paul Gill and Zoe Marchment; Part III. Consequences of Terrorism: 17. Macroeconomic Consequences of and Economic Resilience to Terrorism Daniel Meierrieks; 18. Trade Effects of Terrorism Subhayu Bandyopadhyay and Javed Younas; 19. Terror Attacks and Threats, Wars and Stock Market Volatility in the G7 Countries: A Century of Evidence from a Time-Varying Nonparametric Panel Data Model of Geopolitical Risks Elie Bouri, Oguzhan Cepni, Rangan Gupta and Naji Jalkh; 20. Tourism Valentin Klotzbücher and Günther G. Schulze; 21. Insurance Stephen Johnson; 22. Terror and its Fiscal Consequences Benedict Clements, Sanjeev Gupta, João Tovar Jalles and Saida Khamidova; 23. Terrorism, Voting Behavior, and Political Attitudes José G. Montalvo; 24. The Complex Relationship between Democracy and Terrorism Dennis M. Foster, Benjamin A. Kleinerman and Howard Sanborn; 25. Terrorism and Social Cohesion Günther G. Schulze; Part IV. Counterterrorism: 26. The Counterterrorism Policies of Deterrence and Preemption Jingxian Chen and Kevin Siqueira; 27. Game Theoretic Models Daniel Arce; 28. Offensive Counterterrorism: Lessons from Israel Efraim Benmelech; 29. War, Terrorism and Science and Technology R. E. Burnett and Carly Philpot; 30. The Financing of Terrorism Friedrich Schneider; 31. Foreign Aid as a Counterterrorism Tool Amira Jadoon; 32. Evaluating the Effectiveness of Measures to Counter Domestic Terrorism John Mueller and Mark G. Stewart; 33. Ethics of Counterterrorism Duncan Richter; Part V. Concluding Issues: 34. When is Terrorism Successful? Peter Krause; 35. Twenty-first-Century Terrorism Eli Berman.

'This handbook offers a comprehensive source for understanding the economic approach to the analysis of terrorism. It explores the causes and consequences of this phenomenon in a systematic way and in great detail. Its impressive collection of studies covers a wide range of aspects regarding terrorism, from its history and measurement to its determinants and its political, economic, and social effects. Anybody interested in this topic has a lot to learn from this book. Atin Basuchoudhary and Günther G. Schulze deserve much praise for editing this excellent volume.' Esteban Klor, The Rosita Herczeg Professor of Economics at The Hebrew University of Jerusalem