National Economic Impact Analysis of Terrorist Attacks and Natural Disasters

9781783475858 Edward Elgar Publishing

Edited by Harry W. Richardson, Honorary Doctorate, Universidad Autonoma del Estado de Mexico (UAEM), Mexico, JiYoung Park, Associate Professor, University of Buffalo, US and Sungkyunkwan University, Korea, James E. Moore II, Professor, University of Southern California and Qisheng Pan, Professor, Texas Southern University, US

Publication Date: January 2015 ISBN: 978 1 78347 585 8 Extent: 296 pp

This book develops a national economic impact model to estimate the effects of simulated terrorist attacks and natural disasters on individual US States and economic sectors. The model, called NIEMO (The National Interstate Economic Model) looks at interindustry relationships and interregional trade. It is highly disaggregated making the model very accurate. The authors examine potential attack targets including theme parks, sporting events, bridges and tunnels in the national highway system as well as attempts to shoot down airplanes or spread foot-and-mouth disease. Covered natural disasters are almost all real world: Hurricane Katrina, the Joplin Tornado, the Gulf Oil Spill and Hurricane Sandy. The effects on State economies caused by the closing international borders in response to a global pandemic is also examined.

Recommend to librarian

Your Details

Firstname

Lastname

Title/Position/Role

Company/University/Institution

Email address

Please tick this box if you do not wish to receive future mailings.

Librarian Details

Name

Library

Email address

Download leaflet

Print page

More Information

Critical Acclaim

Contributors

Contents

More Information

The United States has encountered increasing levels of terrorist activity and a number of significant natural disasters in this millennium, a pattern which has also occurred globally. There has been a degree of uncertainty over their impact on the national economy.

A unique contribution towards mitigation is offered in this book, which develops a national economic impact model to estimate the effects of simulated terrorist attacks and real world natural disasters on individual US States and economic sectors. The model, NIEMO (The National Interstate Economic Model), examines interindustry relationships and interregional trade, and presents a multiregional input-output analysis of the economic impact resulting from these events.

Students and researchers in regional science, planning, economics and geography will find this book offers an informative perspective. Practitioners, policy makers and general readers interested in public policy issues will appreciate the insights.

Critical Acclaim

‘The NIEMO development effort is as ambitious as any in regional science. In addition to immense data handling issues faced are the numerous conceptual and theoretical hurdles these researchers have cleared so adeptly. The volume’s chapters present many of the critical areas of analysis to which analytical frameworks like NIEMO can be put, and demonstrate what can be accomplished when a group of dedicated scholars focus their collective energy on the development of computational models of complex social systems.’
– Randall Jackson, Director, Regional Research Institute, West Virginia University, US

Contributors

Contributors: J. Cho, P. Gordon, B. Lee, J.E. Moore II, Q. Pan, C. Park, J. Park, H.W. Richardson, M. Son

Contents

Contents:

Introduction
Harry W. Richardson and JiYoung Park

2. National Interstate Economic Model (NIEMO)
JiYoung Park and Harry W. Richardson

3. Bridge and Tunnel Closures (TransNIEMO)
JiYoung Park, Harry W. Richardson, Peter Gordon, James E. Moore II, Qisheng Pan, and Joongkoo Cho

4. Theme Parks
Harry W. Richardson, JiYoung Park, Peter Gordon, James E. Moore II and Qisheng Pan

5. An Attack on the Airline System
JiYoung Park, Harry W. Richardson, Peter Gordon and James E. Moore II

6. A Stadium Attack
Bumsoo Lee, Peter Gordon, James E. Moore II and Harry W. Richardson

7. International Border Closures
JiYoung Park, Peter Gordon, Harry W. Richardson and James E. Moore II

8. A Foot-and-mouth Epidemic
Bumsoo Lee, Peter Gordon, Harry W. Richardson, JiYoung Park, James E. Moore II and Qisheng Pan

9. The Economic Impacts of Hurricanes Katrina and Rita on the Oil and Port Sectors
JiYoung Park, Harry W. Richardson, Qisheng Pan, Peter Gordon and James E. Moore II

10. The Gulf Oil Spill (FlexNIEMO)
JiYoung Park, Harry W. Richardson, Peter Gordon, James E. Moore II and Qisheng Pan

11. The Joplin Tornado of 2011
Harry W. Richardson, JiYoung Park, Peter Gordon, Qisheng Pan and James E. Moore II

12. Hurricane Sandy
JiYoung Park, Harry W. Richardson, ChangKeun Park and Minsu Son

13. West Coast Ports Shutdown
JiYoung Park, Peter Gordon, James E. Moore II and Harry W. Richardson

14. Extension of the Panama Canal
JiYoung Park, ChangKeun Park and Harry W. Richardson

15. Conclusions
Harry W. Richardson and JiYoung Park

Index