, Manager Securities Services, Standard Chartered Bank, Pakistan
, Ph.D, Senior Lecturer, Sumy State University, Ukraine
, Master’s Degree Student, Sumy State University, Ukraine
The article is devoted to the study of the dependence of the level of terrorism on the economic development of the country. The authors selected variables for the detection of dependencies, carried out a grouping on the level of economic development based on cluster analysis, constructed models of the dependence of the level of terrorism on the economic development of the country. The verification of the models for adequacy made it possible to conclude that constructed models can be used to predict the level of terrorism from countries similar to investigated countries in terms of economic development level.
Keywords: terrorism, terrorist attack, economic development, cluster analysis, regression, SAS.
JEL Classification: C32, C38, O11.
Cite as: Dean, J., Syniavska, O., Mynenko, S. (2017). Using economic-mathematical modeling in the study of the economic component of terrorism. SocioEconomic Challenges, 1(2), 103-109. http://doi.org/10.21272/sec.1(2).103-109.2017.
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