@article {4779,
	title = {The Impact of Terrorism on the Defense Industry},
	journal = {Economica},
	volume = {77},
	number = {307},
	year = {2010},
	pages = {518-543},
	abstract = {This paper analyzes the impact of terrorism on Israeli companies related to\&nbsp;the defense, security or anti-terrorism industries, relative to its impact\&nbsp;on the rest of the companies. We match every Israeli company to the American\&nbsp;company with the closest expected return among all the companies that belong\&nbsp;to the same industry and trade in the same market in order to isolate the\&nbsp;effect of terrorism from other common industry shocks. The findings show\&nbsp;that whereas terrorism had a significant negative impact of 5\% on non\&nbsp;defense-related companies, it had a significantly positive overall effect of\&nbsp;7\% on defense-related companies.},
	author = {Claude Berrebi and Esteban F. Klor}
}
