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Journal Article

Citation

Gordon P, Moore JE, Park JY, Richardson HW. Risk Anal. 2007; 27(3): 505-512.

Affiliation

University of Southern California, Los Angeles, CA 90089, USA.

Copyright

(Copyright © 2007, Society for Risk Analysis, Publisher John Wiley and Sons)

DOI

10.1111/j.1539-6924.2007.00903.x

PMID

17640204

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.


Language: en

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