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The Economic Impacts of a Terrorist Attack on the U.S. Commercial Aviation System
Author(s) -
Gordon Peter,
Moore James E.,
Park Ji Young,
Richardson Harry W.
Publication year - 2007
Publication title -
risk analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.972
H-Index - 130
eISSN - 1539-6924
pISSN - 0272-4332
DOI - 10.1111/j.1539-6924.2007.00903.x
Subject(s) - terrorism , aviation , aeronautics , aviation safety , engineering , computer security , forensic engineering , transport engineering , business , political science , computer science , law , aerospace engineering
We use data on air passenger travel expenditures per passenger as well as statistical analysis of the air traffic lost for the two‐year aftermath of the September 11, 2001, attacks to estimate direct demand losses for air transportation services. These are used along with a national input‐output model to assess the full costs of these losses. Depending on assumptions made, the full losses to the U.S. economy were between $214.3 and $420.5 billion. These estimates are similar to those from other studies of such an event, and suggest that the high costs of effective countermeasures may be justified.