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Economic Impact Analysis of Terrorism Events: Recent Methodological Advances and Findings

Peter Gordon and Harry W. Richardson
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Peter Gordon: University of California
Harry W. Richardson: University of California

No 2008/22, OECD/ITF Joint Transport Research Centre Discussion Papers from OECD Publishing

Abstract: National security is a basic responsibility of national governments, but it is also intangible. What can economic analysis contribute? Benefit-cost analysis has rarely been applied because of the ambiguous and commons nature of the benefits. Our group at the University of Southern California’s Center for Risk and Economic Analysis of Terrorism (CREATE) has worked to elaborate and apply economic impact analysis to describe the expected losses from various hypothetical terrorist attacks. Our innovation has been to add a spatial dimension to operational inter-industry models.

New Economics Papers: this item is included in nep-rmg
Date: 2008-11-01
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