Estimating the Macroeconomic Consequence of 9/11

We perform an empirical investigation to estimate the macroeconomic cost of September 11 attacks on the United States economy. We estimate the impact of the attacks to be approximately a 0.50 percentage point decrease in GDP growth or $60 billion. Our upper bound estimate of the impact of September 11 is approximately twice that or $125 billion.

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Year of publication:	2009
Authors:	Blomberg, S. Brock ; Hess, Gregory
Published in:	Peace Economics, Peace Science and Public Policy. - Berkeley Electronic Press. - Vol. 15.2009, 2, p. 7-7
Publisher:	Berkeley Electronic Press
Subject:	Growth \| Conflict \| Terrorism

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Extent:	application/pdf
Type of publication:	Article
Notes:	oai:bepress:peps-1167
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005046558