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Economic Impact Analysis of Terrorism Events: Recent Methodological Advances and Findings

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  • Peter Gordon

    (University of California)

  • Harry W. Richardson

    (University of California)

Abstract

National security is a basic responsibility of national governments, but it is also intangible. What can economic analysis contribute? Benefit-cost analysis has rarely been applied because of the ambiguous and commons nature of the benefits. Our group at the University of Southern California’s Center for Risk and Economic Analysis of Terrorism (CREATE) has worked to elaborate and apply economic impact analysis to describe the expected losses from various hypothetical terrorist attacks. Our innovation has been to add a spatial dimension to operational inter-industry models.

Suggested Citation

  • Peter Gordon & Harry W. Richardson, 2008. "Economic Impact Analysis of Terrorism Events: Recent Methodological Advances and Findings," OECD/ITF Joint Transport Research Centre Discussion Papers 2008/22, OECD Publishing.
    • Handle: RePEc:oec:itfaaa:2008/22-en
    DOI: 10.1787/228775313070
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    Cited by:

    1. Liliana POPA, 2011. "Study Regarding the Provision of Security and Safety in the International Maritime Transport," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 256-261.

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