IDEAS home Printed from https://ideas.repec.org/a/taf/ftpvxx/v19y2007i4p489-509.html
   My bibliography  Save this article

The Economic Cost of March 11: Measuring the Direct Economic Cost of the Terrorist Attack on March 11, 2004 in Madrid

Author

Listed:
  • Mikel Buesa
  • Aurelia Valiño
  • Joost Heijs
  • Thomas Baumert
  • Javier Gómez

Abstract

This article attempts to measure the direct costs that the terrorist attacks of 3/11 had on the economy of the region of Madrid. The evaluation has been made applying conservative criteria, 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 percent 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 3/11—apart from human catastrophic consequences—is relatively low.

Suggested Citation

Handle: RePEc:taf:ftpvxx:v:19:y:2007:i:4:p:489-509
DOI: 10.1080/09546550701590677
as

Download full text from publisher

File URL: http://hdl.handle.net/10.1080/09546550701590677
Download Restriction: Access to full text is restricted to subscribers.
File URL: https://libkey.io/10.1080/09546550701590677?utm_source=ideas
LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
---><---

As the access to this document is restricted, you may want to search for a different version of it.

More about this item

Statistics

Access and download statistics

Corrections

All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ftpvxx:v:19:y:2007:i:4:p:489-509. See general information about how to correct material in RePEc.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

We have no bibliographic references for this item. You can help adding them by using this form .

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/ftpv20 .

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.