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Terrorism and the Resilience of Cities

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  • James Harrigan

    (Department of Economics (Virginia))

  • Philippe Martin

Abstract

Harrigan and Martin assess the viability of major cities, and New York in particular, in the face of catastrophes such as terrorist attacks by considering why cities exist in the first place. They conclude that the same forces thought to lead to the formation of cities—namely, the economic gains derived from the proximity of firms to markets, suppliers, and a large labor pool—help to preserve cities at risk of terrorism and other catastrophic events. Furthermore, given the considerable size of the economic gains generated by major cities, New York and its counterparts should be extremely robust in the event of future occurrences.

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Paper provided by Sciences Po in its series Sciences Po publications with number info:hdl:2441/9286.

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Date of creation: Nov 2002
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Publication status: Published in Oxford Review of Economic Policy, 2002, pp.97-116
Handle: RePEc:spo:wpmain:info:hdl:2441/9286

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  1. Donald R. Davis & David E. Weinstein, 2001. "Bones, Bombs and Break Points: The Geography of Economic Activity," NBER Working Papers 8517, National Bureau of Economic Research, Inc.
  2. Jess Gaspar & Edward L. Glaeser, 1996. "Information Technology and the Future of Cities," Harvard Institute of Economic Research Working Papers 1756, Harvard - Institute of Economic Research.
  3. Bart Hobijn, 2002. "What will homeland security cost?," Economic Policy Review, Federal Reserve Bank of New York, Federal Reserve Bank of New York, issue Nov, pages 21-33.
  4. Edward L. Glaeser & Jesse M. Shapiro, 2001. "Cities and Warfare: The Impact of Terrorism on Urban Form," NBER Working Papers 8696, National Bureau of Economic Research, Inc.
  5. Mitchell A. Petersen & Raghuram G. Rajan, 2000. "Does Distance Still Matter? The Information Revolution in Small Business Lending," NBER Working Papers 7685, National Bureau of Economic Research, Inc.
  6. Jason Bram & James Orr & Carol Rapaport, 2002. "Measuring the effects of the September 11 attack on New York City," Economic Policy Review, Federal Reserve Bank of New York, Federal Reserve Bank of New York, issue Nov, pages 5-20.
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Cited by:
  1. Abadie, Alberto & Dermisi, Sofia, 2008. "Is terrorism eroding agglomeration economies in Central Business Districts? Lessons from the office real estate market in downtown Chicago," Journal of Urban Economics, Elsevier, vol. 64(2), pages 451-463, September.
  2. Fuerst, Franz, 2006. "The Aftermath of the 9/11 Attack in the New York City Office Market: A Review of Key Figures and Developments," MPRA Paper 13316, University Library of Munich, Germany, revised 09 Feb 2009.
  3. Bruno S. Frey & Simon Luechinger & Alois Stutzer, 2007. "Calculating Tragedy: Assessing The Costs Of Terrorism," Journal of Economic Surveys, Wiley Blackwell, Wiley Blackwell, vol. 21(1), pages 1-24, 02.
  4. Rossi-Hansberg, Esteban, 2004. "Cities under stress," Journal of Monetary Economics, Elsevier, Elsevier, vol. 51(5), pages 903-927, July.
  5. Tavares, Jose, 2004. "The open society assesses its enemies: shocks, disasters and terrorist attacks," Journal of Monetary Economics, Elsevier, Elsevier, vol. 51(5), pages 1039-1070, July.

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