The key goal of this research is to empirically determine the effects of terrorism on

The main aim of this paper is to measure the consequences of terrorist activities on capital flows of the developed countries. Capital flows are interpreted as FDI inflows and outflows. The methodology is based on the dynamic panel data models (System-2 step-GMM estimator) using a sample of 36 developed countries all over the world from 2000 to 2016. The key results indicate that the terrorist incidents have different impact on capital flows of the developed countries compared to impacts of economic and institutional variables. All the variables used in the paper show the level of their impact on capital flows. The results indicate that terrorist activities weaken economic activity of a country, while minimising capital flows in certain situations. The recommendations and proposals are given based on the results of research.

Energy production from biomass (wood chips) is necessarily limited by its renewability, availability, distance of sustainable supply, preparation and overall exploitation efficiency. A strong encouragement to the construction of plants that produce electricity and heat often represents variable and optimistic assessment of availability and renewability of various types and forms of biomass (especially wood chips), as well as the quality and type of consumers. Possible effects on sustainable cost-effectiveness have been analysed as related to sustainable cost-effectiveness of combined heat and power plants and also heating plants with a special critical consideration of the significance of the production, purpose, conditions, manner and consumption location of electricity and heat. Quantified values present possible limitations and insecurity of using energy transformation in the estimated exploitation period.

Purpose: The main purpose of this research is to analyse the international trade of the EAEU member states. Methodology: The paper is based on the use of indicators such as the trade balance, intra-industry trade, import content of exports, trade openness, and the share of exports in GDP. Results: The results show openness to foreign trade and export orientation of the EAEU member states. Conclusion: The conclusion is that international trade, the rapid growth of export, and trade openness differ significantly between the EAEU member states.

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