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What is Terrorism about?

This document analyzes the relationship between terrorist activities in Pakistan and stock market development using the Karachi Stock Exchange index from 2001 to mid-2011. Through empirical analysis, it is found that terrorism negatively impacts stock market returns in the long run, but there is no significant relationship between stock market returns and terrorism in the short run. The study develops a Terrorism Impact Factor scale to measure the impact of individual terrorist incidents and provide insight

Author

Sidra Malik

Language

EN