Abstract
The objective of this study is to evaluate the implications of terrorism in the global peace and security with reference to Middle East region. In carrying out this study, a time series model and estimate were specified by the seemingly unrelated regressions (SURE) model (Zellner, 1962). A consumer-choice model developed by Enders, Sandler and Parise (1992) is utilized to study the regional effects of terrorism on competitors’ market shares with appropriate impact on political and socio-economical impact subject to high frequency of terrorist attacks. The theoretical model is tested for three Middle East countries, namely Egypt, Israel, and Turkey, for the period from January 1996 to December 2014, using the seemingly unrelated regression model. Italy is used as a control variable in estimations, acting as a proxy for tourist activities in the rest of the Middle East region and providing an additional destination for tourists to visit. Evidence indicates that the political instability in Israel and Turkey are more sensitive to terrorism incidents than in Egypt. There are also significant regional contagion effects of terrorism. We find that a higher level of terrorist incidents in Egypt is associated with an increase in the relative market share of Israel in the region, while terrorism in Israel benefits Turkey’s market share. We also document evidence that the location (urban versus rural) and the intensity of terrorist incidents play an important role in the decision-making process of tourists for choice of destinations. Policy implications of our findings are also discussed.
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2015, 04). Implication Of Terrorism On Global Peace And Security: Case Study Of The Middle East Experience.. ProjectStoc.com. Retrieved 04, 2015, from https://projectstoc.com/read/6163/implication-of-terrorism-on-global-peace-and-security-case-study-of-the-middle-east-experience-9741
"Implication Of Terrorism On Global Peace And Security: Case Study Of The Middle East Experience." ProjectStoc.com. 04 2015. 2015. 04 2015 <https://projectstoc.com/read/6163/implication-of-terrorism-on-global-peace-and-security-case-study-of-the-middle-east-experience-9741>.
"Implication Of Terrorism On Global Peace And Security: Case Study Of The Middle East Experience.." ProjectStoc.com. ProjectStoc.com, 04 2015. Web. 04 2015. <https://projectstoc.com/read/6163/implication-of-terrorism-on-global-peace-and-security-case-study-of-the-middle-east-experience-9741>.
"Implication Of Terrorism On Global Peace And Security: Case Study Of The Middle East Experience.." ProjectStoc.com. 04, 2015. Accessed 04, 2015. https://projectstoc.com/read/6163/implication-of-terrorism-on-global-peace-and-security-case-study-of-the-middle-east-experience-9741.
- Related Works
- Niger Delta Crises And National Security In Nigeria: Appraisal Of The Amnesty Programme
- The Nigeria Police Force Management Of Crisis And Conflict In Policing Ijebu-ode Local Government Problems And Prospects
- Millennium Development Goals (mdgs) And Poverty Alleviation In Nigeria
- Employment Procedure And Its Effect On Productivity In Government Parastatals A Case Study Of National Board For Technical Education, Kaduna
- Contributions Of Multi-party System In Nigeria Political Development
- The Impact Of Civil Society Organization On Nigeria’s Socio-political Development: An Appraisal Of Civil Liberties Organization
- Labour Unrest And Underdevelopment In Nigeria: An Appraisal Of 2000-2013
- The Effect Of Social Media On Voting Behaviour In Nassarawa Ward “one” In Chikun Local Government Area Of Kaduna State
- The Multi-party System And Political Development In Nigeria, An Appraisal Of Fourth Republic From 1999-2012
- Environmental Conflict Between Farmers And Herdsmen And Its Effect On Socio-economic Development In Plateau State