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Comparing the Impact of the September 11th Terrorist Attacks on International Airline Demand

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  • Harumi Ito
  • Darin Lee

Abstract

This article compares the impact of the September 11th terrorist attacks and its after-effects on airline demand in the Australia, Canada, Europe, Japan and the US. Using a variety of time-series data, we compare how changes in risk perception following the attacks impacted domestic and international demand. Moreover, we decompose the terrorist attacks' effects into their transitory and ongoing components on airline demand.

Suggested Citation

  • Harumi Ito & Darin Lee, 2005. "Comparing the Impact of the September 11th Terrorist Attacks on International Airline Demand," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 12(2), pages 225-249.
  • Handle: RePEc:taf:ijecbs:v:12:y:2005:i:2:p:225-249
    DOI: 10.1080/13571510500127931
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    References listed on IDEAS

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    1. Davidson, Russell & MacKinnon, James G., 1993. "Estimation and Inference in Econometrics," OUP Catalogue, Oxford University Press, number 9780195060119.
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    Cited by:

    1. Ramiah, Vikash & Cam, Marie-Anne & Calabro, Michael & Maher, David & Ghafouri, Shahab, 2010. "Changes in equity returns and volatility across different Australian industries following the recent terrorist attacks," Pacific-Basin Finance Journal, Elsevier, vol. 18(1), pages 64-76, January.

    More about this item

    Keywords

    Airline Demand; International Terrorism; September 11th; Risk Perception; JEL Classifications: R41; L16; L93;

    JEL classification:

    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L93 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Air Transportation

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