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The economic cost of march 11: measuring the direct economic cost of the terrorist attacck on March 11, 2004 in Madrid

Buesa Blanco, Mikel and Valiño Castro, Aurelia and Heijs, Joost and Baumert, Thomas and González Gómez, Javier (2006) The economic cost of march 11: measuring the direct economic cost of the terrorist attacck on March 11, 2004 in Madrid. [ Documentos de trabajo del IAIF; nº 54, 2006, ]

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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.


Item Type:Working Paper or Technical Report
Uncontrolled Keywords:Terrorism, Costs of Terrorism, Terrorist Attacks March 11, Region of Madrid
Subjects:Social sciences > Economics > Regional economics
Series Name:Documentos de trabajo del IAIF
Volume:2006
Number:54
ID Code:7940
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Deposited On:02 Jun 2008
Last Modified:06 Feb 2014 07:57

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