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Estimating the Economic Consequences of Terrorist Disruptions in the National Capital Region: An Application of Input-Output Analysis

Author

Listed:
  • Cheng Shaoming

    (School of Public Policy, George Mason University)

  • Stough Roger R.

    (School of Public Policy, George Mason University)

  • Kocornik-Mina Adriana

    (School of Public Policy, George Mason University)

Abstract

This paper explores and demonstrates an innovative application of an input-output model for the assessment of the economic consequences of hypothetical disruption events. Such events in a region are first simulated and their affected areas estimated using a GIS-based geo-spatial simulation approach. Then, the consequences of the simulated events on the regional economy are estimated and disaggregated by industry and sub-region. The research is important because it develops a new simulation and input-output model approach to regional and national security analysis that offers promising results. Further, it provides a methodology for assessing the economic consequences of possible disruption events. Knowledge of economic impacts of disruptions is essential for determining and justifying appropriate protection and mitigation policies and measures.

Suggested Citation

  • Cheng Shaoming & Stough Roger R. & Kocornik-Mina Adriana, 2006. "Estimating the Economic Consequences of Terrorist Disruptions in the National Capital Region: An Application of Input-Output Analysis," Journal of Homeland Security and Emergency Management, De Gruyter, vol. 3(3), pages 1-21, September.
    • Handle: RePEc:bpj:johsem:v:3:y:2006:i:3:p:21:n:3
    DOI: 10.2202/1547-7355.1226
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    Cited by:

    1. Farrow Scott & Shapiro Stuart, 2009. "The Benefit-Cost Analysis of Security Focused Regulations," Journal of Homeland Security and Emergency Management, De Gruyter, vol. 6(1), pages 1-22, April.

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