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Terrorism and the Resilience of Cities

Author

Listed:
  • Philippe Martin

    (TEAM - Théories et Applications en Microéconomie et Macroéconomie - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • James Harrigan

    (Federal Reserve Bank of New York - Federal Reserve Bank of New York)

Abstract

The September 11 attacks in New York and Washington have forced Americans to confront the fact that to live or work in a large city is to be at greater risk of large-scale terrorism. What do these risks, and the public perception of them, imply for cities in general and the future of New York City in particular? In this article, the authors begin their exploration of this issue by examining why cities exist in the first place. To conduct their analysis, they simulate two key theoretical models of economic geography, using data that approximate the characteristics of a major U.S. city as well as estimates of the costs of the September 11 attacks. The authors conclude that the very forces that lead to city formation also lead cities to be highly resilient in the face of catastrophes such as terrorist attacks. They argue that New York City in particular is likely to continue to thrive despite any ongoing terrorist threat.

Suggested Citation

  • Philippe Martin & James Harrigan, 2002. "Terrorism and the Resilience of Cities," Post-Print halshs-00179827, HAL.
    • Handle: RePEc:hal:journl:halshs-00179827
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    References listed on IDEAS

    as
    1. Gaspar, Jess & Glaeser, Edward L., 1998. "Information Technology and the Future of Cities," Journal of Urban Economics, Elsevier, vol. 43(1), pages 136-156, January.
    2. Jason Bram & James A. 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, vol. 8(Nov), pages 5-20.
    3. Mitchell A. Petersen & Raghuram G. Rajan, 2002. "Does Distance Still Matter? The Information Revolution in Small Business Lending," Journal of Finance, American Finance Association, vol. 57(6), pages 2533-2570, December.
    4. Jason Bram & Andrew Haughwout & James Orr, 2004. "Has September 11 Affected New York City’s Growth Potential?," Advances in Spatial Science, in: Yasuhide Okuyama & Stephanie E. Chang (ed.), Modeling Spatial and Economic Impacts of Disasters, chapter 4, pages 53-73, Springer.
    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. Glaeser, Edward L. & Shapiro, Jesse M., 2002. "Cities and Warfare: The Impact of Terrorism on Urban Form," Journal of Urban Economics, Elsevier, vol. 51(2), pages 205-224, March.
    7. Donald R. Davis & David E. Weinstein, 2002. "Bones, Bombs, and Break Points: The Geography of Economic Activity," American Economic Review, American Economic Association, vol. 92(5), pages 1269-1289, December.
    8. Bart Hobijn, 2002. "What will homeland security cost?," Economic Policy Review, Federal Reserve Bank of New York, vol. 8(Nov), pages 21-33.
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    Citations

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    Cited by:

    1. Bruno S. Frey & Simon Luechinger & Alois Stutzer, 2007. "Calculating Tragedy: Assessing The Costs Of Terrorism," Journal of Economic Surveys, Wiley Blackwell, vol. 21(1), pages 1-24, February.
    2. 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.
    3. Tavares, Jose, 2004. "The open society assesses its enemies: shocks, disasters and terrorist attacks," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 1039-1070, July.
    4. Bram Jason & Haughwout Andrew & Orr James, 2009. "Further Observations on the Economic Effects on New York City of the Attack on the World Trade Center," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 15(2), pages 1-24, July.
    5. Kelly Bergstrand & Brian Mayer & Babette Brumback & Yi Zhang, 2015. "Assessing the Relationship Between Social Vulnerability and Community Resilience to Hazards," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 122(2), pages 391-409, June.
    6. Marco Percoco, 2006. "A Note on the Inoperability Input‐Output Model," Risk Analysis, John Wiley & Sons, vol. 26(3), pages 589-594, June.
    7. 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.
    8. Rossi-Hansberg, Esteban, 2004. "Cities under stress," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 903-927, July.
    9. Tchai Tavor, 2014. "The Effect Of Terror Incidents On The Yield Of Index Markets For Developing And Developed Markets," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 8(1), pages 1148-1153.
    10. Mierzejewska Lidia & Wdowicka Magdalena, 2018. "City Resilience Vs. Resilient City: Terminological Intricacies and Concept Inaccuracies," Quaestiones Geographicae, Sciendo, vol. 37(2), pages 7-15, June.
    11. Manelici, Isabela, 2017. "Terrorism and the value of proximity to public transportation: Evidence from the 2005 London bombings," Journal of Urban Economics, Elsevier, vol. 102(C), pages 52-75.

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