Research Catalog

Title

The Economic Consequences of Terrorism [electronic resource] / Patrick Lenain, Marcos Bonturi and Vincent Koen

Author

Lenain, Patrick.

Publication

Paris : OECD Publishing, 2002.

Details

Additional Authors

• Bonturi, Marcos.
• Koen, Vincent.

Description

40 p.; 21 x 29.7cm.

Summary

The unprecedented 11 September 2001 terrorist attacks in the United States caused massive casualties and damage, and ushered in an era of greater uncertainty. While a prompt and vigorous policy response helped limit the immediate economic impact of the aggression, the heightened terrorist threat has some long-lasting, if diffuse, macroeconomic repercussions. Three channels of influence are explored in this paper: shrinking insurance coverage stemming from the perception of greater risk, higher trade costs possibly affecting international trade, and stepped-up security spending partially rolling back the "peace dividend" of the 1990s. It is argued that, in the absence of new large-scale terrorist attacks, and provided terrorism risk is dealt with efficiently, the net long-run macroeconomic impact is probably tangible but limited ...

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.334

Uniform Title

OECD Economics Department Working Papers, no.334.

Subject

Economics

LCCN

10.1787/511778841283

OCLC

oecd-lib-004761

Author

Lenain, Patrick.

Title

The Economic Consequences of Terrorism [electronic resource] / Patrick Lenain, Marcos Bonturi and Vincent Koen

Imprint

Paris : OECD Publishing, 2002.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.334

OECD Economics Department Working Papers, 1815-1973 ; no.334.

Connect to:

http://dx.doi.org/10.1787/511778841283

Indexed Term

Economics

Added Author

Bonturi, Marcos.

Koen, Vincent.

Other Standard Identifier

10.1787/511778841283 doi