Has September 11 Affected New York City’s Growth Potential?

Jason Bram (), Andrew Haughwout () and James Orr
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Jason Bram: Federal Reserve Bank of New York
Andrew Haughwout: Federal Reserve Bank of New York

Chapter 4 in Modeling Spatial and Economic Impacts of Disasters, 2004, pp 53-73 from Springer

Abstract: Abstract The terrorist attack on the World Trade Center claimed close to 3,000 lives and caused billions of dollars in property damage. In the aftermath, New York City’s economy contracted briefly but sharply: many businesses were forced to shut down, mostly temporarily, and tens of thousands of workers were either dislocated for a short time or lost their jobs (Bram, Orr, and Rapaport, 2002). The economic implications for the city, however, clearly extend beyond the first few months following the attack.

Keywords: York City; Federal Reserve; Terrorist Attack; Federal Emergency Management Agency; Land Price (search for similar items in EconPapers)
Date: 2004
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DOI: 10.1007/978-3-540-24787-6_4

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