Document Type
Article
Department
Economics (CMC)
Publication Date
5-2009
Abstract
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.
Rights Information
© 2009 Walter de Gruyter
Terms of Use & License Information
DOI
10.2202/1554-8597.1167
Recommended Citation
Blomberg, S. Brock, and Gregory Hess. "Estimating the Macroeconomic Consequence of 9/11." Peace Economics, Peace Science and Public Policy 15.2 (2009): Article 7. doi: 10.2202/1554-8597.1167
Comments
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