■ Local conditions can magnify or dampen the marginal effect of terrorism. ■ Interactions of terrorism with the quality of life of immigrants are considered. ■ GDP per capita is adversely affected by domestic terrorism. ■ Export-GDP ratio increases in response to domestic terrorism and decreases in response to transnational terrorism. ■ An increase in the foreign-born unemployment rate in a given year adversely affects GDP per capita next year. Executive Takeaways
Jomon A. Paul, Professor of Quantitative Analysis Aniruddha Bagchi, Professor of Economics
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