Erschienen in:Chicago Booth Research Paper ; No. 32, 2019
Umfang:
1 Online-Ressource (65 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.3384109
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 2019 erstellt
Beschreibung:
I present empirical evidence showing that terrorism financing and recruitment promote terrorist attacks. Pakistan offers an ideal setting for this research due to a natural experiment inducing exogenous variation in terrorism financing. In line with terrorist organisations facing financial frictions, I find a correspondence between the timing and location of finance and the attacks by organisations exposed to this transfer. The effect of financing on attacks increases in recruitment, measured by combining dark web data and machine learning. These results suggest that financial counter-terrorism lowers attacks, which I quantify by estimating the elasticity of terrorist attacks to financing (0.25)