Estimating the Economic Consequences of Terrorist Disruptions in the National Capital Region: An Application of Input-Output Analysis

Cheng Shaoming, Stough Roger R. and Kocornik-Mina Adriana
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Cheng Shaoming: School of Public Policy, George Mason University
Stough Roger R.: School of Public Policy, George Mason University
Kocornik-Mina Adriana: School of Public Policy, George Mason University

Journal of Homeland Security and Emergency Management, 2006, vol. 3, issue 3, 21

Abstract: This paper explores and demonstrates an innovative application of an input-output model for the assessment of the economic consequences of hypothetical disruption events. Such events in a region are first simulated and their affected areas estimated using a GIS-based geo-spatial simulation approach. Then, the consequences of the simulated events on the regional economy are estimated and disaggregated by industry and sub-region. The research is important because it develops a new simulation and input-output model approach to regional and national security analysis that offers promising results. Further, it provides a methodology for assessing the economic consequences of possible disruption events. Knowledge of economic impacts of disruptions is essential for determining and justifying appropriate protection and mitigation policies and measures.

Keywords: critical infrastructure; economic impact; input-output analysis; National Capital Region (search for similar items in EconPapers)
Date: 2006
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DOI: 10.2202/1547-7355.1226

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