%0 Report
%A Buesa Blanco, Miguel
%A Valiño Castro, Aurelia
%A Heijs, Jozef Johanes Hendrikus
%A Baumert Núñez, Thomas
%A González Gómez, Javier
%T The economic cost of march 11: measuring the direct economic cost of the terrorist attacck on March 11, 2004 in Madrid
%J Documentos de trabajo del IAIF
%D 2006
%U https://hdl.handle.net/20.500.14352/56645
%X 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 aconservative 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 theregional 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 terroristattack such as the one of March 11 apart from human catastrophic consequences is relatively low.
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