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Impact of Terrorism on Economic Development of South Asian Economies

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Proceedings of the Sixteenth International Conference on Management Science and Engineering Management – Volume 2 (ICMSEM 2022)

Part of the book series: Lecture Notes on Data Engineering and Communications Technologies ((LNDECT,volume 145))

Abstract

Terrorism includes deliberate use of threat and violence by individuals or sub-national groups to achieve political goals. Terrorism affected developing countries far more than developed economies especially South Asian and African economies. This study is proposed to investigate the impact of terrorism on economic development. In addition to empirical literature, study analyses longitudinal panel data from the Global Terrorism Database for the economic development of 22 South Asian, South East Asian and South West Asian economies from 1990 to 2020. Proposed study estimated fixed effect panel estimation suggested that terrorism have negative and statistically significant influence on factors of economic development. This is the pioneer research to use the Global Terrorism Database to investigate the impact of terrorism on the economies of the South East and South West Asia as combined panel. The empirical findings have suggested significant implications for future research and practices, particularly in African countries. The findings of the study may encourage policymakers to devise effective counter-terrorism strategies while also strengthening regional ties.

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Author information

Authors and Affiliations

  1. Department of Government and Public Policy, National Defence University, Islamabad, Pakistan

    Sana Bashir, Mirza Nouman Ali Talib & Mahrukh Fatima

  2. Institute for the Development of Central China, Wuhan University, Wuhan, People’s Republic of China

    Sana Bashir

  3. College of Management, Shenzhen University, Shenzhen, People’s Republic of China

    Muhammad Wasif Zafar

  4. Leadership and Management Studies, National Defence University, Islamabad, Pakistan

    Zubair Nawaz

Authors
  1. Sana Bashir
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  2. Muhammad Wasif Zafar
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  3. Mirza Nouman Ali Talib
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  4. Zubair Nawaz
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  5. Mahrukh Fatima
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Corresponding author

Correspondence to Zubair Nawaz .

Editor information

Editors and Affiliations

  1. Business School, Sichuan University, Chengdu, Sichuan, China

    Jiuping Xu

  2. Department of Industrial Engineering, Gazi University, Faculty of Engineering, Ankara, Turkey

    Fulya Altiparmak

  3. School of Mathematical Sciences, University of Khartoum, Khartoum, Sudan

    Mohamed Hag Ali Hassan

  4. University of Castilla-La Mancha (UCLM), Ciudad Real, Spain

    Fausto Pedro García Márquez

  5. Institute of Control Systems, Azerbaijan National Academy of Sciences, Baku, Azerbaijan

    Asaf Hajiyev

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Bashir, S., Zafar, M.W., Talib, M.N.A., Nawaz, Z., Fatima, M. (2022). Impact of Terrorism on Economic Development of South Asian Economies. In: Xu, J., Altiparmak, F., Hassan, M.H.A., García Márquez, F.P., Hajiyev, A. (eds) Proceedings of the Sixteenth International Conference on Management Science and Engineering Management – Volume 2. ICMSEM 2022. Lecture Notes on Data Engineering and Communications Technologies, vol 145. Springer, Cham. https://doi.org/10.1007/978-3-031-10385-8_38

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