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Has September 11 Affected New York City’s Growth Potential?

In: Modeling Spatial and Economic Impacts of Disasters

Author

Listed:
  • Jason Bram

    (Federal Reserve Bank of New York)

  • Andrew Haughwout

    (Federal Reserve Bank of New York)

  • James Orr

    (Federal Reserve Bank of New York)

Abstract

The terrorist attack on the World Trade Center claimed close to 3,000 lives and caused billions of dollars in property damage. In the aftermath, New York City’s economy contracted briefly but sharply: many businesses were forced to shut down, mostly temporarily, and tens of thousands of workers were either dislocated for a short time or lost their jobs (Bram, Orr, and Rapaport, 2002). The economic implications for the city, however, clearly extend beyond the first few months following the attack.

Suggested Citation

  • Jason Bram & Andrew Haughwout & James Orr, 2004. "Has September 11 Affected New York City’s Growth Potential?," Advances in Spatial Science, in: Yasuhide Okuyama & Stephanie E. Chang (ed.), Modeling Spatial and Economic Impacts of Disasters, chapter 4, pages 53-73, Springer.
    • Handle: RePEc:spr:adspcp:978-3-540-24787-6_4
    DOI: 10.1007/978-3-540-24787-6_4
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    References listed on IDEAS

    as
    1. Jason Bram & James A. Orr & Carol Rapaport, 2002. "Measuring the effects of the September 11 attack on New York City," Economic Policy Review, Federal Reserve Bank of New York, vol. 8(Nov), pages 5-20.
    2. Roback, Jennifer, 1982. "Wages, Rents, and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1257-1278, December.
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    Cited by:

    1. Andrew F. Haughwout & Bess Rabin, 2005. "Exogenous shocks and the dynamics of city growth: evidence from New York," Economic Policy Review, Federal Reserve Bank of New York, issue Dec, pages 61-73.
    2. Neeraj Kaushal & Robert Kaestner & Cordelia Reimers, 2007. "Labor Market Effects of September 11th on Arab and Muslim Residents of the United States," Journal of Human Resources, University of Wisconsin Press, vol. 42(2).
    3. James Harrigan & Philippe Martin, 2002. "Terrorism and the resilience of cities," Economic Policy Review, Federal Reserve Bank of New York, vol. 8(Nov), pages 97-116.
    4. Bruno S. Frey & Simon Luechinger & Alois Stutzer, 2007. "Calculating Tragedy: Assessing The Costs Of Terrorism," Journal of Economic Surveys, Wiley Blackwell, vol. 21(1), pages 1-24, February.
    5. Amine Ouazad, 2020. "Resilient Urban Housing Markets: Shocks vs. Fundamentals," Papers 2010.00413, arXiv.org, revised Oct 2020.
    6. Marco Percoco, 2006. "A Note on the Inoperability Input‐Output Model," Risk Analysis, John Wiley & Sons, vol. 26(3), pages 589-594, June.
    7. James A. Orr & Giorgio Topa, 2006. "Challenges facing the New York metropolitan area economy," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 12(Jan).
    8. Jacques Fontanel & Natalia Bourova & Maxence Fontanel, 2014. "The Main méthodologies for estimating the impact of Tourism," Post-Print hal-02513826, HAL.
    9. Mamoon, Dawood & Akhtar, Sajjad & Hissam, Saadia, 2011. "Daily and monthly costs of terrorism on Pakistani exports," MPRA Paper 30926, University Library of Munich, Germany.
    10. Bram Jason & Haughwout Andrew & Orr James, 2009. "Further Observations on the Economic Effects on New York City of the Attack on the World Trade Center," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 15(2), pages 179-200, July.

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