Table of Contents

The Economic Costs and Consequences of Terrorism

The Economic Costs and Consequences of Terrorism

Edited by Harry W Richardson, Peter Gordon and James E. Moore II

This landmark book covers a range of issues concerning the consequences of terrorist attacks. Beginning with a discussion of new policies and strategies, it then delves into specific areas of concern, modeling a range of possible scenarios and ways to mitigate or pre-empt damages.

Chapter 12: Tourism and Terrorism: The National and Interregional Economic Impacts of Attacks on Major US Theme Parks

Harry W. Richardson, Peter Gordon, James E. Moore, Jiyoung Park, Qisheng Pan and Soojung Kim

Subjects: economics and finance, public sector economics, environment, disasters, politics and public policy, terrorism and security

Extract

Harry W. Richardson, Peter Gordon, James E. Moore II, Soojung Kim, Jiyoung Park and Qisheng Pan This chapter is one of a series of studies by members of the Economic Modeling Group at CREATE on the economic impact of a variety of terrorist attacks in the United States. These studies use either or both of two economic impact models, SCPM (the Southern California Planning Model) and NIEMO (the National Interstate Economic Model). This research uses only the latter model and traces the inter-regional economic effects of attacks on major theme parks (13, including two clusters) located in a modest number of states (eight). The theme parks are identified by state but not by metropolitan area to mask specific identity. It is important to note that our results are underestimates because our analysis, by focusing on the major theme parks, ignores some of the smaller parks. We have also omitted one park that would have passed the scale threshold. We left it out because the theme park was a relatively minor component of economic activities at the site. NIEMO The details of the model used in this analysis (NIEMO) are explained in a parallel paper, a version of which is published in this book (Park et al., 2007, Chapter 11 in this book) so only a brief description is offered here, just enough for the paper to stand independently. The model revives an approach adopted in the late 1970s and the early 1980s (Polenske, 1980; Jack Faucett...

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