Economic Consequences of Terrorism and Natural Disasters: The Computable General Equilibrium Approach

Dixon, Peter; Rimmer, Maureen T.; Wittwer, Glyn; Rose, Adam; Heatwole, Nathaniel

doi:10.1017/9781316676714.008

Cited by 9 publications

(6 citation statements)

References 460 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Cutler et al (2016) construct a spatial CGE model for an artificial city and demonstrate a method for linking engineering and economic models to describe earthquake damage and the subsequent economic losses. Dixon et al (2017) present a wide range of CGE applications to natural disaster analysis. Kajitani and Tatano (2018) construct a spatial, nine-region CGE model to assess the impacts of the 2011 Great East Japan earthquake and tsunami.…”

Section: Methodology: the Cge Approachmentioning

confidence: 99%

Does resilience yield dividends? Co-benefits of investing in increased resilience in Cedar Rapids

Fung

Helgeson

Webb

et al. 2020

Economic Systems Research

View full text Add to dashboard Cite

Cedar Rapids, IA, offers a unique case study in planning for increased resilience. In 2008, Cedar Rapids experienced severe flooding. Rather than simply rebuilding, the city of Cedar Rapids began to invest in a resilient flood control system and in the revitalization of its Downtown neighborhood. This paper develops a Computable General Equilibrium (CGE) model for the regional economy of Cedar Rapids to quantify ‘resilience dividends’: net co-benefits of investing in increased resilience. A resilience dividend includes benefits to the community even if another disaster does not occur. We build a CGE model of Cedar Rapids at two different time periods: one in 2007, before the flooding, and one in 2015, after the flooding and initial investment in resilience. We show that a positive economic shock to the economy results in larger co-benefits for key economic indicators in 2015 than in 2007. Our approach illustrates how co-benefits are distributed throughout the economy.

show abstract

Section: Methodology: the Cge Approachmentioning

confidence: 99%

Does resilience yield dividends? Co-benefits of investing in increased resilience in Cedar Rapids

Fung

Helgeson

Webb

et al. 2020

Economic Systems Research

View full text Add to dashboard Cite

show abstract

“…This can be done with computable general equilibrium models (e.g. Dixon et al, 2017 and Rose, 2009), input–output analysis (e.g. Richardson et al, 2016), or using heuristics (e.g.…”

Section: Relative Investments In Risk Reduction – a Lopsided Ledgermentioning

confidence: 99%

Fifty years of peril: A comprehensive comparison of the impact of terrorism and disasters linked to natural hazards (1970–2019)

Wilson

2023

Global Policy

View full text Add to dashboard Cite

We compare the realised impact of terrorism and disasters linked to natural hazards. Using 50 years of data from two databases covering most of the global population, we find that natural hazard disasters were more than 20 times more impactful than terrorism. The former had a larger realised impact in all regions in both gross and per capita terms. The largest cross‐peril difference was in Asia, where natural hazard disasters took 324 million lifeyears, while terrorism took 10. Similar results were found across countries grouped by income status and development status. Low‐ and lower‐middle‐income countries bore the vast majority of the impact of both terrorism and natural hazard disasters. Given the multitude of prevalent global threats, our findings are relevant in the allocation of scarce public resources to mitigate and adapt. Our results suggest that significantly greater public spending should be applied to natural hazard disasters than terrorism.

show abstract

“…However, jihadist terrorism is not uniquely a security threat. It also affects the economy (e.g., Dixon et al, 2017), informs about changes in power relationships among nations (e.g., Findley et al, 2012), and heightens both social cleavages, by reducing trust (Geys & Qari, 2017), and cultural cleavages, by making stereotypes salient (e.g., Obaidi et al, 2018). The multifaceted nature of terrorism as a social phenomenon, together with the strong correlation among different types of immigration attitudes (see e.g., Ben-Nun Bloom et al, 2015), mean that jihadist attacks may ultimately affect different immigration attitudes in a similar way (e.g., Finseraas et al, 2011; Legewie, 2013).…”

Section: Literature and Hypothesesmentioning

confidence: 99%

Fear without Prejudice in the Shadow of Jihadist Threat

Giani

2020

Comparative Political Studies

View full text Add to dashboard Cite

Because the prejudice of the ingroup builds into fear of the outgroup, jihadist terrorism is expected to strengthen the politicized link between security and immigration. I use a causal inference in a clustered cross-country analysis to test the simultaneous short-run causal impact of the jihadist threat on security fear and ethnic prejudice of the public in Israel, the Netherlands, Russia, Sweden, France, and Germany. In line with common wisdom, jihadist attacks significantly increase security fear. Against it, jihadist attacks non-significantly decrease ethnic prejudice. This empirical pattern holds in across different types of immigration attitudes, ethnic groups, intervals of time and terrorist events, and is robust to placebo treatments, placebo policy preferences, fake and failed terror attacks. These findings challenge extant consensus, and suggest that jihadist attacks, particularly at the local level, induce risk-aversion rather than desire for retaliation.

show abstract

Economic Consequences of Terrorism and Natural Disasters: The Computable General Equilibrium Approach

Cited by 9 publications

References 460 publications

Does resilience yield dividends? Co-benefits of investing in increased resilience in Cedar Rapids

Does resilience yield dividends? Co-benefits of investing in increased resilience in Cedar Rapids

Fifty years of peril: A comprehensive comparison of the impact of terrorism and disasters linked to natural hazards (1970–2019)

Fear without Prejudice in the Shadow of Jihadist Threat

Contact Info

Product

Resources

About