impact of terrorism on gdp growth in pakistan

IMPACT OF TERRORISM ON GDP GROWTH IN

PAKISTAN

Introduction

Terrorism is disordering the country social structure and economic development and political system

The terrorism has soiled the reputation of the country due to this lack of economic growth and governance over the year

Since 9/11, many countries have been subjected to economic terrorism.

Terrorism is costing Pakistan both economical and human lives loss.

In 2009, Pakistan’s GDP rate remained 3%.

The inflation in Pakistan is high i.e. 18.85%.

Literature Review

The terrorism in spain in 1970’s abadie and Gardeazab 2001 discover there was 10% deterioration in per capita GDP.

The study by Johnston eat 2005 attempted to explore the impact of terrorism on financial market.

Gulley and Jahangir 2006 use statistical data available to calculate impact on GDP growth.

One school of thought by Gurr 1970 identify that poverty and GDP is low due to terrorism.

Methodology

Hypothesis:

1. There is positive relationship between terrorism and GDP H1

2. There is negative relationship between GDP and terrorism. H2

Pakistan’s GDP

factors

Economic cost of War on Terrorism

1. Dislocation of economic activities2. Damages to property…3. Investment climate…4. Slowdown of overall economy…5. Losses of human life…6. Higher expenditures on defence ad police

Official Estimate Of Loss To Economy

Theoretical Framework

Independent and dependent variables Dependent variables = GDP Growth

Independent variables = Terrorism

Data Collection

The study uses time series data for this purpose of research work. it uses high frequency data which is daily data over period of two and half years.

Secondary data

refrences

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