 Terrorism and the resilience of citiesJames Harrigan and Philippe Martin Economic Policy Review, 2002, vol. 8, issue Nov, 97-116 Abstract: The September 11 attacks in New York and Washington have forced Americans to confront the fact that to live or work in a large city is to be at greater risk of large-scale terrorism. What do these risks, and the public perception of them, imply for cities in general and the future of New York City in particular? In this article, the authors begin their exploration of this issue by examining why cities exist in the first place. To conduct their analysis, they simulate two key theoretical models of economic geography, using data that approximate the characteristics of a major U.S. city as well as estimates of the costs of the September 11 attacks. The authors conclude that the very forces that lead to city formation also lead cities to be highly resilient in the face of catastrophes such as terrorist attacks. They argue that New York City in particular is likely to continue to thrive despite any ongoing terrorist threat. Keywords: Federal Reserve District, 2nd; Urban economics; War - Economic aspects; Economic conditions - New York (N.Y.); Cities and towns (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:fip:fednep:y:2002:i:nov:p:97-116:n:v.8no.2 Ordering information: This journal article can be ordered from Access Statistics for this article More articles in Economic Policy Review from Federal Reserve Bank of New York Contact information at EDIRC. |
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