The Economic Impacts of a Terrorist Attack on the U.S. Commercial Aviation System |
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Authors: | Peter Gordon James E. Moore II Ji Young Park Harry W. Richardson |
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Affiliation: | University of Southern California, Los Angeles, CA 90089, USA. pgordon@sppd.usc.edu |
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Abstract: | 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. |
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Keywords: | Air travel countermeasures economic impacts MANPADS terrorist attack |
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