Fernanda Llussá

EDUCATION

University of California, Los Angeles (1998 - 2003)
PhD in Economics, June 2003;
MSc in Economics, June2001

Fundação Getúlio Vargas, São Paulo, Brazil (1992 - 1997)
M.Sc. in Business Economics, Best Student.

Universidade de São Paulo, São Paulo, Brazil (1987 - 1992)
B.Sc. in Economics

Fundação Getúlio Vargas, São Paulo, Brazil (1987 - 1991)
B.Sc. in Business

RESEARCH INTERESTS

Determinants and consequences of entrepreneurial intent and activity: concept and measurement of entrepreneurial activity, individual characteristics, personality traits and external environment. In addition to research in entrepreneurship: national and regional economic policies, macroeconomic shocks, and economic growth.

FUTURE PROJECTS

Scopus Publications

Entrepreneurship: The role of extreme events
Tilman Brück, Fernanda Llussá, and José A. Tavares
Elsevier BV
We use aggregate country data as well as individual level survey to uncover, for the first time, the effect of extreme events such as natural disasters and terrorist attacks on entrepreneurial activity. We find that natural disasters and terrorist attacks influence individual perceptions of the rewards to entrepreneurship and, more surprisingly, extreme events affect entrepreneurship rates positively in a robust and significant way.


The economics of terrorism: A (simple) taxonomy of the literature
Fernanda Llussá and José Tavares
Informa UK Limited
We draw on existing surveys on the economics of terrorism, classifying the contributions to the field by theme, main approach and methodology. Research articles are divided into the themes: Definition and measurement of terrorist activities; Nature of terrorists; Utility cost of terrorism; Impact of terrorism on aggregate output; Terrorism and specific sectors of activity; Terrorism and economic policy; and Counter‐terrorist policies. For the set of papers examined, as well as for each theme, we divide the papers by main approach – macroeconomic/microeconomic – and methodology – theoretical/empirical. We find wide variation in approach/methodology across research themes, suggesting extensive research opportunities.


Which terror at which cost? On the economic consequences of terrorist attacks
Fernanda Llussá and José Tavares
Elsevier BV
We assess the cost of different types of terrorist attacks on the growth of output and of its components. Private Consumption and Investment are significantly and negatively affected by all terror indicators, and the largest impact is respectively associated with the number of victims or the number of attacks.


Economics and terrorism: What we know, what we should know, and the data we need
Fernanda Llussá and José Tavares
Cambridge University Press
In this paper we organize the literature on the economics of terrorism around seven different topics, offering a comprehensive view of the literature with a view to identifying questions that remain unanswered. The chosen topic areas are: The Measurement of Terrorist Activity, The Nature of Terrorists, The Utility Cost of Terrorism, The Impact of Terrorism on Aggregate Output, Terrorism and Specific Sectors of Activity, Terrorism and Economic Policy, and Counter-Terrorism. In a sense, we proceed from measurement issues to studies of the characteristics of terrorists and terrorist organizations, the consequences of terrorism on individual utility and, aggregate output and on specific sectors of activity, as well as the impact of terrorism on fiscal and monetary policies. We conclude with an examination of the economics literature on counter-terrorism measures. For each of the topics above, we present what the literature has achieved, the important questions that remain open and the type of data that would help researchers make progress. In our discussion, we identify the main papers in the literature and the issue(s) where each made a contribution, presenting a brief individual summary for these papers, organized along the topic areas.

Publications

Llussá, Fernanda, Machado, Virgílio Cruz, Pina, Joaquim (2015). “Does Firm Leadership Matter for Country Growth?” p.331, 11th European Conference on Management Leadership and Governance, 12-13 November, edited by J.C.D Rouco, ISBN 978-1-910810-76-7, ISSN 2048-9021, Published by Academic Conferences and Publishing International Limited Reading UK.

Llussá, Fernanda (2015) “The Rich, The Poor and The Entrepreneur: Entrepreneurship Across Personal and Country Income Classes”, 5th Iberian Entrepreneurship Conference Proceedings, ISBN 978-989-97513-4-7.

Bruck,Tilman, Llussá, Fernanda and Tavares, José (2011). “ Perceptions, Expectations and Entrepreneurship: The Role of Extreme Events”, European Journal of Political Economy, 27 (S1), S78-S88.

Llussá, Fernanda and Tavares, José (2011) “Economics of Terrorism: A (Simple) Taxonomy of the Literature", Defence and Peace Economics, Vol. 22, No. 2, April (lead article, pages 105-23).

Llussá, Fernanda and Tavares, José (2011) “Which Terror at Which Cost? On the Economic Consequences of Terrorist Attacks", Economics Letters, Vol. 110, Issue 1, pp. 52-55.

Llussá, Fernanda and Tavares, José (2007). “Economics of Terrorism: A Synopsis", Economics of Peace and Security Journal, Vol. 2, Nº 1.