The Economic Effects Of 9 11

Author : Howard Chernick
Publisher : Russell Sage Foundation
Page : 352 pages
File Size : 43,6 Mb
Release : 2005-08-25
Category : Social Science
ISBN : 9781610441216

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Resilient City by Howard Chernick Pdf

The strike against the World Trade Center on September 11, 2001, was a violent blow against the United States and a symbolic attack on capitalism and commerce. It shut down one of the world’s busiest commercial centers for weeks, destroyed or damaged billions of dollars worth of property, and forced many New York City employers to slash their payrolls or move jobs to other areas. The immediate economic effect was substantial, but how badly did 9/11 affect New York City’s economy in the longer term? In Resilient City, Howard Chernick and a team of economic experts examine the city’s economic recovery in the three years following the destruction of the Twin Towers. Assessing multiple facets of the New York City economy in the years after 9/11, Resilient City discerns many hopeful signs among persistent troubles. Analysis by economist Sanders Korenman indicates that the value of New York–based companies did not fall relative to other firms, indicating that investors still believe that there are business advantages to operating in New York despite higher rates of terrorism insurance and concerns about future attacks. Cordelia Reimers separates the economic effect of 9/11 from the effects of the 2001 recession by comparing employment and wage trends for disadvantaged workers in New York with those in five major U.S. cities. She finds that New Yorkers fared at least as well as people in other cities, suggesting that the decline in earnings and employment for low-income New York workers in 2002 was due more to the recession than to the effects of 9/11. Still, troubles remain for New York City. Howard Chernick considers the substantial fiscal implications of the terrorist attacks on New York City, estimating that the attack cost the city about $3 billion in the first two years alone; a sum that the city now must make up through large tax increases, spending cuts, and substantial additional borrowing, which will inevitably be a burden on future budgets. The terrorist attacks of September 11 dealt a severe blow to the economy of New York City, but it was far from a knock-out punch. Resilient City shows that New York’s dynamic, flexible economy has absorbed the hardships inflicted by the attacks, and provides a thorough, authoritative A Russell Sage Foundation September 11 Initiative Volume

Author : Gail Makinen
Publisher : DIANE Publishing
Page : 60 pages
File Size : 42,5 Mb
Release : 2011-05
Category : Business & Economics
ISBN : 9781437938371

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Economic Effects Of 9/11 by Gail Makinen Pdf

The loss of lives and property on 9/11 was not large enough to have had a measurable effect on the productive capacity of the U.S. even though it had a very significant localized effect on N.Y. City and on the Wash., D.C. area. Over the longer run, 9/11 will adversely affect U.S. productivity growth because resources will be used to ensure the security of prod¿n., dist., finance, and commun. Contents of this report: (1) Overview; (2) Economy Wide Implications and the Fiscal-Monetary Response; (3) Terrorism and National Productivity; (4) Oil Supply and Prices; (5) World Economies; (6) Internat. Capital Flows and the Dollar; (7) Financial Markets; (8) Sectoral, Industry, and Geographical Effects. This is a print on demand publication.

Author : M. Morgan
Publisher : Springer
Page : 268 pages
File Size : 42,5 Mb
Release : 2009-08-31
Category : Business & Economics
ISBN : 9780230100060

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The Impact of 9/11 on Business and Economics by M. Morgan Pdf

The Impact of 9/11 on Business and Economics is the second volume of the six-volume series The Day that Changed Everything? edited by Matthew J. Morgan. The series brings together from a broad spectrum of disciplines the leading thinkers of our time to reflect on one of the most significant events of our time.

Author : Congressional Research Service Library o,Library of Congress,Library Of Cong The Library of Congress
Publisher : Unknown
Page : 68 pages
File Size : 50,7 Mb
Release : 2005
Category : Business & Economics
ISBN : 1410220656

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The Economic Effects Of 9/11 by Congressional Research Service Library o,Library of Congress,Library Of Cong The Library of Congress Pdf

The tragedy of September 11, 2001 was so sudden and devastating that it may be difficult at this point in time to write dispassionately and objectively about its effects on the U.S. economy. This retrospective review will attempt such an undertaking. The loss of lives and property on 9/11 was not large enough to have had a measurable effect on the productive capacity of the United States even though it had a very significant localized effect on New York City and, to a lesser degree, on the greater Washington, D.C. area. Thus, for 9/11 to affect the economy it would have had to have affected the price of an important input, such as energy, or had an adverse effect on aggregate demand via such mechanisms as consumer and business confidence, a financial panic or liquidity crisis, or an international run on the dollar. It was initially thought that aggregate demand was seriously affected, for while the existing data showed that GDP growth was low in the first half of 2001, data published in October showed that GDP had contracted during the 3rd quarter. This led to the claim that "The terrorist attacks pushed a weak economy over the edge into an outright recession." We now know, based on revised data, this is not so. At the time of 9/11 the economy was in its third consecutive quarter of contraction; positive growth resumed in the 4th quarter. This would suggest that any effects from 9/11 on demand were short lived. While this may be true, several events took place before, on, and shortly after 9/11, that made recovery either more rapid than it might have been or made it possible to take place. First, the Federal Reserve had eased credit during the first half of 2001 to stimulate aggregate demand. The economy responds to policy changes with a lag in time. Thus, the public response may have been felt in the 4th quarter giving the appearance that 9/11 had only a limited effect. Second, the Federal Reserve on and immediately after 9/11 took appropriate action to avert a financial panic and liquidity shortage. This was supplemented by support from foreign central banks to shore up the dollar in world markets and limited the contagion of 9/11 from spreading to other national economies. Nevertheless, U.S. trade with other countries, especially Canada, was disrupted. While oil prices spiked briefly, they quickly returned to their pre-9/11 levels. Thus, it can be argued, timely action contained the short run economic effects of 9/11 on the overall economy. Over the longer run 9/11 will adversely affect U.S. productivity growth because resources are being and will be used to ensure the security of production, distribution, finance, and communication.

Author : Bryan W. Roberts
Publisher : DIANE Publishing
Page : 16 pages
File Size : 48,9 Mb
Release : 2011-04
Category : Business & Economics
ISBN : 9781437930467

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Macroeconomic Impacts of the 9/11 Attack by Bryan W. Roberts Pdf

Evaluates the macroeconomic impacts of the 9/11 attack on U.S. real GDP growth and the unemployment rate by examining how forecasts of these variables were revised after the attack occurred. By this approach, the immediate impact of the 9/11 attack was to reduce real GDP growth in 2001 by 0.5%, and to increase the unemployment rate by 0.11% (reduce employment by 598,000 jobs). Forecasted real GDP growth in 2002 fell dramatically immediately after the 9/11 attack but then recovered fully. The forecasted unemployment rate in 2002 rose sharply immediately after the 9/11 attack, but unlike real GDP growth, it never subsequently returned to a pre-9/11 level. Illustrations. This is a print on demand edition of a hard to find publication.

Author : James Elliott Moore
Publisher : Edward Elgar Publishing
Page : 327 pages
File Size : 50,7 Mb
Release : 2007-01-01
Category : Transportation
ISBN : 9781845428150

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The Economic Impacts of Terrorist Attacks by James Elliott Moore Pdf

These papers enhance our understanding of numerous aspects of the terrorism problem. Andrew Haughwout, Papers in Regional Science The Economic Impact of Terrorist Attacks exposes the reader to a healthy sampling of the current approaches that researchers have taken in addressing a challenging set of economic problems. Jared C. Carbone, Journal of Regional Science Knowledgeably compiled and expertly co-edited by the team of Harry W. Richardson, Peter Gordon and James E. Moore II, The Economic Impacts of Terrorist Attacks is a groundbreaking study of the extensive damage done to the American economy as a result of terrorism with a particular focus on the attacks in 2001. . . very highly recommended to students of politics, economics, and the present war on terrorism . The Midwest Book Review Focussing on the economics of terrorism in the post 9/11 world, this book brings together original research based on the collaborative efforts of leading economists and planners. The authoritative and expert contributors use a variety of methodological approaches and apply them to different types of terrorist attacks (on airports, highways, seaports, electric power infrastructure, for example). They also draw analogies between man-made and natural disasters. The results suggest that these issues are extremely complex and that the economic costs of some types of attack are huge, but that increased understanding and estimation can be used to justify resource investments in prevention, mitigation and response. A primary aim of the book is to contribute to developing more cost-effective anti-terrorist policies. Scholars and researchers in the fields of transportation, public sector economics, urban planning, disaster prevention, mitigation and management, and engineers will find The Economic Impacts of Terrorist Attacks a major contribution to a new and rapidly expanding research area.

Author : Michael L. Dolfman
Publisher : Unknown
Page : 70 pages
File Size : 51,6 Mb
Release : 2004
Category : Labor market
ISBN : NYPL:33433031964996

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9/11 and the New York City Economy by Michael L. Dolfman Pdf

Author : Lloyd S. Dixon,Rachel Kaganoff Stern
Publisher : Rand Corporation
Page : 218 pages
File Size : 51,7 Mb
Release : 2004
Category : Business & Economics
ISBN : 0833036912

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Compensation for Losses from the 9/11 Attacks by Lloyd S. Dixon,Rachel Kaganoff Stern Pdf

The terrorist attacks of September 11, 2001, caused tremendous loss of life, property, and income, and the resulting response from public and private organizations was unprecedented. This monograph examines the benefits received by those who were killed or seriously injured on 9/11 and the benefits provided to individuals and businesses in New York City that suffered losses from the attack on the World Trade Center. The authors examine the performance of the compensation system--insurance, tort, government programs, and charity--in responding to the losses stemming from 9/11.

Author : Institute of Medicine,Board on Neuroscience and Behavioral Health,Committee on Responding to the Psychological Consequences of Terrorism
Publisher : National Academies Press
Page : 184 pages
File Size : 48,8 Mb
Release : 2003-08-26
Category : Political Science
ISBN : 9780309167925

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Preparing for the Psychological Consequences of Terrorism by Institute of Medicine,Board on Neuroscience and Behavioral Health,Committee on Responding to the Psychological Consequences of Terrorism Pdf

The Oklahoma City bombing, intentional crashing of airliners on September 11, 2001, and anthrax attacks in the fall of 2001 have made Americans acutely aware of the impacts of terrorism. These events and continued threats of terrorism have raised questions about the impact on the psychological health of the nation and how well the public health infrastructure is able to meet the psychological needs that will likely result. Preparing for the Psychological Consequences of Terrorism highlights some of the critical issues in responding to the psychological needs that result from terrorism and provides possible options for intervention. The committee offers an example for a public health strategy that may serve as a base from which plans to prevent and respond to the psychological consequences of a variety of terrorism events can be formulated. The report includes recommendations for the training and education of service providers, ensuring appropriate guidelines for the protection of service providers, and developing public health surveillance for preevent, event, and postevent factors related to psychological consequences.

Author : Alfred Goldberg
Publisher : Office of the Secretary, Historical Offi
Page : 330 pages
File Size : 42,5 Mb
Release : 2007-09-05
Category : Architecture
ISBN : MINN:31951D02370380C

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Pentagon 9/11 by Alfred Goldberg Pdf

The most comprehensive account to date of the 9/11 attack on the Pentagon and aftermath, this volume includes unprecedented details on the impact on the Pentagon building and personnel and the scope of the rescue, recovery, and caregiving effort. It features 32 pages of photographs and more than a dozen diagrams and illustrations not previously available.

Author : Susan Opotow,Zachary Baron Shemtob
Publisher : Fordham Univ Press
Page : 256 pages
File Size : 50,6 Mb
Release : 2018-09-04
Category : History
ISBN : 9780823281299

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New York After 9/11 by Susan Opotow,Zachary Baron Shemtob Pdf

An estimated 2 billion people around the world watched the catastrophic destruction of the World Trade Center. The enormity of the moment was immediately understood and quickly took on global proportions. What has been less obvious is the effect on the locus of the attacks, New York City, not as a seat of political or economic power, but as a community; not in the days and weeks afterward, but over months and years. New York after 9/11 offers insightful and critical observations about the processes set in motion by September 11, 2001 in New York, and holds important lessons for the future. This interdisciplinary collection brings together experts from diverse fields to discuss the long-term recovery of New York City after 9/11. Susan Opotow and Zachary Baron Shemtob invited experts in architecture and design, medicine, health, community advocacy, psychology, public safety, human rights, law, and mental health to look back on the aftereffects of that tragic day in key spheres of life in New York City. With a focus on the themes of space and memory, public health and public safety, trauma and conflict, and politics and social change, this comprehensive account of how 9/11 changed New York sets out to answer three questions: What were the key conflicts that erupted in New York City in 9/11’s wake? What clashing interests were involved and how did they change over time? And what was the role of these conflicts in the transition from trauma to recovery for New York City as a whole? Contributors discuss a variety of issues that emerged in this tragedy’s wake, some immediately and others in the years that followed, including: PTSD among first responders; conflicts and design challenges of rebuilding the World Trade Center site, the memorial, and the museum; surveillance of Muslim communities; power struggles among public safety agencies; the development of technologies for faster building evacuations; and the emergence of chronic illnesses and fatalities among first responders and people who lived, worked, and attended school in the vicinity of the 9/11 site. A chapter on two Ground Zeros –in Hiroshima and New York – compares and historicizes the challenges of memorialization and recovery. Each chapter offers a nuanced, vivid, and behind-the-scenes account of issues as they unfolded over time and across various contexts, dispelling simplistic narratives of this extended and complicated period. Illuminating a city’s multifaceted response in the wake of a catastrophic and traumatic attack, New York after 9/11 illustrates recovery as a process that is complex, multivalent, and ongoing.

Author : National Research Council,Policy and Global Affairs,Committee on Science, Technology, and Law,Committee on a New Government-University Partnership for Science and Security
Publisher : National Academies Press
Page : 136 pages
File Size : 55,5 Mb
Release : 2007-10-10
Category : Political Science
ISBN : 9780309179553

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Science and Security in a Post 9/11 World by National Research Council,Policy and Global Affairs,Committee on Science, Technology, and Law,Committee on a New Government-University Partnership for Science and Security Pdf

Based on a series of regional meetings on university campuses with officials from the national security community and academic research institutions, this report identifies specific actions that should be taken to maintain a thriving scientific research environment in an era of heightened security concerns. Actions include maintaining the open exchange of scientific information, fostering a productive environment for international scholars in the U.S., reexamining federal definitions of sensitive but unclassified research, and reviewing policies on deemed export controls. The federal government should establish a standing entity, preferably a Science and Security Commission, that would review policies regarding the exchange of information and the participation of foreign-born scientists and students in research.

Author : Steven Globerman,Paul Storer
Publisher : University of Toronto Press
Page : 296 pages
File Size : 51,6 Mb
Release : 2008-03-29
Category : Business & Economics
ISBN : 9781442692572

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The Impact of 9/11 on Canada - U.S. Trade by Steven Globerman,Paul Storer Pdf

The events of 9/11 and subsequent border entry security initiatives have led to increased costs and transportation delays that have the potential to impact Canada-U.S. trade. Researchers have identified increased border crossing times for importers and exporters transporting goods between the two countries, but there has been little effort made to identify the quantitative importance of these developments in terms of their effect on bilateral trade flows. In this study, Steven Globerman and Paul Storer fill this gap in the existing research through statistical analysis of trade flows since 9/11. Among the questions undertaken in this book are whether trade flows are lower in the post-9/11 period than they should be, and whether 'special' factors apart from 9/11 might have influenced flow in major bilateral sectors. Globerman and Storer show that U.S. exports to Canada decreased significantly in the aftermath of 9/11, though such exports recovered by 2004. In contrast, while U.S. imports from Canada also suffered a significant post-9/11 decrease, a shortfall between actual and expected imports from Canada persisted through 2005. In other words, by mid-2005, Canadian exports to the U.S. had not regained their 'normal level.' These and other conclusions are crucial to understanding the impact that increased border security has had on the economic relationship between Canada and the United States.

Author : Nancy R. Kingsbury
Publisher : DIANE Publishing
Page : 96 pages
File Size : 49,6 Mb
Release : 2002-10
Category : Electronic
ISBN : 075672807X

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Review of Studies of the Economic Impact of the September 11, 2001, Terrorist Attacks on the World Trade Center by Nancy R. Kingsbury Pdf

Identifies and reviews several key studies of the economic impact of the Sept. 11, 2001, terrorist attacks on the World Trade Center buildings in N.Y. City, which caused enormous destruction. Eight studies from 7 different organizations were identified as being the most comprehensive studies available on the economic impact of the attacks: N.Y. City Office of the Comptroller; N.Y. Governor and State Div. of the Budget; N.Y. City Partnership and Chamber of Commerce; Fiscal Policy Institute; N.Y. State Senate Finance Committee; Miliken Institute; and N.Y. State Assembly Ways and Means Committee. In addition, recent studies by the Federal Reserve Bank of N.Y. and the N.Y. City Independent Budget Office include updated information on some of the economic impacts.

Author : Brian Michael Jenkins,John Godges
Publisher : Rand Corporation
Page : 227 pages
File Size : 44,5 Mb
Release : 2011
Category : History
ISBN : 9780833058386

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The Long Shadow of 9/11 by Brian Michael Jenkins,John Godges Pdf

This book provides a multifaceted array of answers to the question, In the ten years since the 9/11 terrorist attacks, how has America responded? In a series of essays, RAND authors lend a farsighted perspective to the national dialogue on 9/11's legacy. The essays assess the military, political, fiscal, social, cultural, psychological, and even moral implications of U.S. policymaking since 9/11. Part One of the book addresses the lessons learned from America's accomplishments and mistakes in its responses to the 9/11 attacks and the ongoing terrorist threat. Part Two explores reactions to the extreme ideologies of the terrorists and to the fears they have generated. Part Three presents the dilemmas of asymmetrical warfare and suggests ways to resolve them. Part Four cautions against sacrificing a long-term strategy by imposing short-term solutions, particularly with respect to air passenger security and counterterrorism intelligence. Finally, Part Five looks at the effects of the terrorist attacks on the U.S. public health system, at the potential role of compensation policy for losses incurred by terrorism, and at the possible long-term effects of terrorism and counterterrorism on American values, laws, and society.--Publisher description.