Estimating the Macroeconomic Consequence of 9/11

Stephen Blomberg and Gregory Hess

Peace Economics, Peace Science, and Public Policy, 2009, vol. 15, issue 2, 307-330

Abstract: We perform an empirical investigation to estimate the macroeconomic cost of September 11 attacks on the United States economy. We estimate the impact of the attacks to be approximately a 0.50 percentage point decrease in GDP growth or $60 billion. Our upper bound estimate of the impact of September 11 is approximately twice that or $125 billion.

Keywords: Growth; Conflict; Terrorism (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://doi.org/10.2202/1554-8597.1167 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:pepspp:v:15:y:2009:i:2:n:7

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/peps/html

DOI: 10.2202/1554-8597.1167

Access Statistics for this article

Peace Economics, Peace Science, and Public Policy is currently edited by Raul Caruso

More articles in Peace Economics, Peace Science, and Public Policy from De Gruyter
Bibliographic data for series maintained by Peter Golla (peter.golla@degruyter.com).