A framework for analyzing the economic tradeoffs between urban commerce and security against terrorism

Adam Rose, Misak Avetisyan, Samrat Chatterjee

Research output: Contribution to journalArticlepeer-review

8 Scopus citations

Abstract

This article presents a framework for economic consequence analysis of terrorism countermeasures. It specifies major categories of direct and indirect costs, benefits, spillover effects, and transfer payments that must be estimated in a comprehensive assessment. It develops a spreadsheet tool for data collection, storage, and refinement, as well as estimation of the various components of the necessary economic accounts. It also illustrates the usefulness of the framework in the first assessment of the tradeoffs between enhanced security and changes in commercial activity in an urban area, with explicit attention to the role of spillover effects. The article also contributes a practical user interface to the model for emergency managers.

Original languageEnglish
Pages (from-to)1554-1579
Number of pages26
JournalRisk analysis : an official publication of the Society for Risk Analysis
Volume34
Issue number8
DOIs
StatePublished - Aug 1 2014

Keywords

  • Computable general equilibrium modeling
  • economic consequence analysis
  • security
  • spillover effects
  • terrorism risk

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