Difference between revisions of "Economic effects of anti-terrorism security measures"

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==Description==
 
==Description==
Estimation of the economic impact of counter-terrorism measures includes accounting for direct (primary) and indirect (secondary) effects, including both the costs and the benefits. Security measures, for example, make urban objects more resilient against terror attacks, but will also alter behaviour of economic agents (see the clickable map below). Moreover, security measure aiming to mitigate the indirect economic impact will have positive spillovers for the local economy, since they make the impact of an future terror event less unpredictable.
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Estimation of the economic impact of counter-terrorism measures includes accounting for direct (primary) and indirect (secondary) effects, including both the costs and the benefits. Security measures, for example, make urban objects more resilient against terror attacks, but will also alter behaviour of economic agents (see the clickable map below). Moreover, security measure aiming to mitigate the indirect economic impact will have positive spillovers for the local economy, since they make the impact of an future terror event less unpredictable. Finally, also the actual impact on [[The economics of terrorist behaviour|terrorist behaviour]] should be taken into account in order to measure the effectiveness of the chosen security measures.
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Lastly, also the actual impact on [[The economics of terrorist behaviour|terrorist behaviour]] should be taken into account in order to measure the effectiveness of the chosen security measures.
 
   
 
==Costs of security==
 
==Costs of security==

Revision as of 12:19, 18 December 2012

Economic effects of anti-terrorism security measures

Security measures aiming to manage the risk of urban terrorism impose economic effects on society, the so-called economic effects of anti-terrorism measures. In essence, they can be classified as the costs of terrorism since they result from the actions of households, private agents and public agents in an attempt to prevent a terror event to occur, or at least to mitigate the effects of such an event.

Description

Estimation of the economic impact of counter-terrorism measures includes accounting for direct (primary) and indirect (secondary) effects, including both the costs and the benefits. Security measures, for example, make urban objects more resilient against terror attacks, but will also alter behaviour of economic agents (see the clickable map below). Moreover, security measure aiming to mitigate the indirect economic impact will have positive spillovers for the local economy, since they make the impact of an future terror event less unpredictable. Finally, also the actual impact on terrorist behaviour should be taken into account in order to measure the effectiveness of the chosen security measures.


Terror eventPrimary economic impact of terrorismSecondary economic impactTotal economic impactEconomic effects of security measuresEconomic effects of security measuresEconomic impact counter terrorism.jpg.png
About this image

Costs of security

Direct (primary) costs of security

Indirect (secondary) costs of security

Benefits of security

Direct (primary) benefits of security

Indirect (secondary) benefits of security

Related subjects

Footnotes and references

MAP

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