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Economic Costs and Benefits of Combating Terrorism in the Transport Sector

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Author Info
Evanor Palac-McMiken
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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Article provided by 2004 Asia Pacific School of Economics and Government, The Australian National University and Blackwell Publishing Asia Pty Ltd in its journal Asian-Pacific Economic Literature.

Volume (Year): 19 (2005)
Issue (Month): 2 (05)
Pages: 60-71
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Handle: RePEc:bla:apacel:v:19:y:2005:i:2:p:60-71

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  1. Bruno S. Frey & Dominic Rohner, 2005. "Protecting Cultural Monuments Against Terrorism," IEW - Working Papers iewwp257, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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