Economic Costs and Benefits of Combating Terrorism in the Transport Sector

Evanor Palac-McMiken

Asian-Pacific Economic Literature, 2005, vol. 19, issue 2, pages 60-71

Abstract: Countering the risks of terrorism imposes enormous costs. While it is impossible to remove completely the risk of terrorist attacks in the transport sector, measures designed to counter terrorism can add certainty and stability to the global economy, raise investor confidence and facilitate trade. Modelling suggests productivity losses associated with the increasing threat of terrorism can be more than offset by the positive effects of enhanced security. Nations have much to gain from cooperating to reduce the risk of terrorism. Copyright © 2005 Asia Pacific School of Economics and Government, The Australian National University and Blackwell Publishing Asia Pty Ltd..

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