The economic cost of march 11: measuring the direct economic cost of the terrorist attacck on March 11, 2004 in Madrid
| dc.contributor.author | Buesa Blanco, Miguel | |
| dc.contributor.author | Valiño Castro, Aurelia | |
| dc.contributor.author | Heijs, Jozef Johanes Hendrikus | |
| dc.contributor.author | Baumert Núñez, Thomas | |
| dc.contributor.author | González Gómez, Javier | |
| dc.date.accessioned | 2023-06-20T16:39:42Z | |
| dc.date.available | 2023-06-20T16:39:42Z | |
| dc.date.issued | 2006 | |
| dc.description.abstract | This paper measures the direct costs that the terrorist attacks of March 11 caused on the economy of the region of Madrid. The evaluation has been made applying a conservative criterion, and the results obtained have to be considered as minimum. The result indicates that the terrorist attacks caused a loss of nearly 212 million euros to the regional economy of Madrid, equivalent to 0,16 per cent of the regional GDP (0,03 of the national GDP). This confirms that the immediate economic dimension of a terrorist attack such as the one of March 11 apart from human catastrophic consequences is relatively low. | |
| dc.description.faculty | Fac. de Ciencias Económicas y Empresariales | |
| dc.description.faculty | Instituto de Análisis Industrial y Financiero (IAIF) | |
| dc.description.refereed | FALSE | |
| dc.description.status | pub | |
| dc.eprint.id | https://eprints.ucm.es/id/eprint/7940 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14352/56645 | |
| dc.issue.number | 54 | |
| dc.language.iso | eng | |
| dc.page.total | 34 | |
| dc.publication.place | Madrid | |
| dc.publisher | Instituto de Análisis Industrial y Financiero, Universidad Complutense de Madrid | |
| dc.relation.ispartofseries | Documentos de trabajo del IAIF | |
| dc.rights.accessRights | open access | |
| dc.subject.keyword | Terrorism | |
| dc.subject.keyword | Costs of Terrorism | |
| dc.subject.keyword | Terrorist Attacks March 11 | |
| dc.subject.keyword | Region of Madrid | |
| dc.subject.ucm | Economía regional | |
| dc.title | The economic cost of march 11: measuring the direct economic cost of the terrorist attacck on March 11, 2004 in Madrid | |
| dc.type | technical report | |
| dc.volume.number | 2006 | |
| dcterms.references | A. Abadie and J. Gardeazabal (2001) “The economic costs of conflict: a case-control study for the Basque country”, NBR Working Paper, nº 8478 C. Álvarez de Toledo, C. (2004): 4 días de marzo, Editorial Planeta, Barcelona. Asociación Víctimas del terrorismo (2004): Manual de autoayuda para víctimas de atentados terroristas, Madrid. Becker, G. and Murphy, K. (2001). “Prosperity Will Rise Out of the Ashes” Wall Street Journal, October 29, 2001. Benzo, F. (2004): Héroes inesperados. La otra cara del 11–M,Editorial Temas de hoy, Madrid. Blanco, A., del Águila, R., Sabucedo, J.M. (Eds.) (2005): Madrid 11-M. Un análisis del mal y sus consecuencias, Editorial Trotta, Madrid. Buesa, M. ( Dir.) (2004) Economía de la Secesión. El proyecto nacionalista y el País Vasco. Instituto de Estudios Fiscales, Madrid. Buesa, M. (2005): Guerra y terrorismo: el modelo de economía depredadora de guerra, Documento de Trabajo nº 50, Instituto de Análisis Industrial y Financiero, Universidad Complutense, Madrid, Mayo. City of New York Office of the Comptroller (2001) , The Impact of the September 11 WTC Attack on NYC’s Economy and City Revenues (Oct. 4, 2001). De Diego, E. (2004): Días de infamia, Editorial Letras Libres, Madrid. Enders, W. and Sandler, T ( 1991) Causality between Transnational Terrorism on tourism: the case of Spain”. Tourism 14 (1) pp. 49-58. Enders, W. and Sandler, T ( 1996) “Terrorism and Foreign Direct Investment in Spain and Greece” KyKlos, vol. 49 ( 3), pp. 331-352. Federal Reserve Bank of New York (2002) Measuring the Effects of the September 11 Attack on New York City, by Bram, O. and Rapaport; and New York City’s Economy before and after September 11, by Bram. Fiscal Policy Institute (2001), World Trade Center Job Impacts Take a Heavy Toll on Low Wage Workers (Nov. 5, 2001). Fiscal Policy Institute (2002), The Employment Impact of the September 11World Trade Center Attacks: Updated Estimates Based on theBenchmarked Employment Data (Mar. 8, 2002). Frey B., Luechinger, S., Stutzer, A. (2004): “Calculating tragedy: assessing the costs of terrorism”. CESifo, Working Paper nº 1341, Munich (Alemania), Noviembre. García Abadillo, C. (2004): 11-M, La venganza, Editorial La Esfera de los Libros, Madrid. General Accounting Office (2002) Impact of Terrorist Attacks on the Word Trade Center, GAO-02-700R. Washington, DC. International Monetary Fund (2001) World Economic Outlook – The Global Economy After September 11, December, 2001. Lenain, P. Bonturi, M and Koen V. (2002) The Economic Consequences of Terrorism. Economic Department Working Paper. OECD. ECO/WKP(2002)20. www.oecd.org/eco . Lillo, A. et al. (2004): “Intervención psicológica tras los atentados del 11 de marzo en Madrid”, Clínica y Salud, Revista Colegio Oficial de Psicólogos de Madrid Volumen 15. Lillo, A. et al. (2005): “Asistencia psicológica urgente: organización y desarrollo durante el 11–M”, incluido en Blanco, A., del Águila, R., Sabucedo, J.M. (Eds.) (2005). Milken Institute (2002), The Impact of September 11 on U.S. Metropolitan Economies (Jan. 2002). Ministerio del Interior (2005): Balance 2004, Dirección General de Relaciones Informativas y Sociales, Madrid. Münkler, H. (2002): Die Neuen Kriege, Bundeszentrale für politische Bildung, Bonn. Navarro, P. and Spencer A. (2001), "September 11, 2001: Assessing the Costs of Terrorism," Milken Institute Review, Fourth Quarter 2001, Milken Institute. New York Governor and State Division of the Budget (2001), Rebuild New York–Renew America: The World Trade Center Attacks; Current Estimated Cost; and other supporting documents (Oct. 9, 2001). New York City Partnership and Chamber of Commerce (2002) , Economic Impact of the September 11th Attack on New York City (Nov. 2001; rev. Feb.11, 2002). New York State Assembly Ways and Means Committee Staff (2002), NewYork State Economic Report (Mar. 2002). New York State Office of the State Comptroller. (2003) 2003-04 Budget Analysis. Review of Economic and revenue forecast. Office of Budget and policy Analysis. March 2003. New York State Senate Finance Committee Staff (2002), Financial Impact of the World Trade Center Impact, prepared by DRI-WEFA (Jan. 2002). OECD (2002) “Economic Consequences of Terrorism” OECD Economic Outlook, June 2002. OECD (2002) The impact of the terrorist attacks of 11 September 2001 on international trading and transport activities. Working Party of trade Committee, March, TD/TC/WP(2002) 9/FINAL. Pestana, C. (2003) “ An Intervention Analysis of Terrorism: the Spanish ETA Case” Defence and Peace Economics vol 14(6) pp 401-412. Reinares, F. y Elorza, A. (2004): El nuevo terrorismo islamista, Editorial Temas de Hoy, Madrid. Rubin, C. and Renda-Tanali (2001) The Terrorist Attacks on September 11, 2001: Immediate Impacts and their Ramifications for Federal Emergency Management. Natural Hazards Research and Applications Information Center. University of Colorado. Quick Response Report # 140. SAMUR-Protección Civil (2004): Clave 20, Revista interna del SAMUR-Protección Civil “Villa de Madrid”, Número especial, Junio. Saxton, J. (2002): The economic costs of terrorism, Joint Economic Committee, United States Congress, Washington DC, EEUU. Uriarte, E. (2004): Terrorismo y democracia tras el 11–M, Editorial Espasa, Madrid. Wesbury, S. (2002): The Economic Cost of Terrorism. International Information Programs Electronic Journal “September 11: One Year Later”. http://usinfo.satate.gov/journals/itgic/0902/ijge/gj02.htm . | |
| dspace.entity.type | Publication | |
| relation.isAuthorOfPublication | 7f4ca3a0-8181-483b-b2e8-d14c55ac61d8 | |
| relation.isAuthorOfPublication | 46f3410f-30fe-4fbb-8d08-4eedf3ecdad7 | |
| relation.isAuthorOfPublication | 512f8730-95b4-41d4-bdc5-ab0ad0d58bfa | |
| relation.isAuthorOfPublication | 733c05c6-06e6-466e-9351-2ba91b8c45ad | |
| relation.isAuthorOfPublication.latestForDiscovery | 46f3410f-30fe-4fbb-8d08-4eedf3ecdad7 |
Download
Original bundle
1 - 1 of 1
