Citation for published version: Abu-Ghunmi, D, Corbet, S & Larkin, C 2020, 'An international analysis of the economic cost for countries located in crisis zones', Research in International Business and Finance, vol. 51, 101090. https://doi.org/10.1016/j.ribaf.2019.101090 DOI: 10.1016/j.ribaf.2019.101090 Publication date: 2020 Document Version Peer reviewed version Link to publication Publisher Rights CC BY-NC-ND University of Bath Alternative formats If you require this document in an alternative format, please contact:
[email protected] General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. Take down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim. Download date: 30. Sep. 2021 An international analysis of the economic cost for countries located in crisis zones Diana Abu-Ghunmi School of Business, The University of Jordan, Amman 11942, Jordan Shaen Corbet DCU Business School, Dublin City University, Dublin 9, Ireland Charles Larkin Trinity Business School, Trinity College Dublin, Dublin 2, Ireland Abstract We study the impact on a country’s economy of sharing a direct land border with a country experiencing conflict. Through analysing sixty-three major episodes of regional instability during the period between 1990 and 2016 by using panel data methods applied to unre- stricted error correction model, the opportunity cost of such regional conflict is examined.