100415research
   
   
impact_of_sept11.jpg
The Impact of September 11 on U.S. Metropolitan Economies
Jan 01, 2002
Ross DeVol, Armen Bedroussian, Frank Fogelbach, Nathaniel Goetz, Ramon Gonzalez and Perry Wong

This report analyzes the impact of the September 11 attacks on all 315 U.S. metropolitan statistical areas (MSAs).

Using econometric models to examine each metro area's economic trends prior to September 11 and the effect upon the industries they rely upon since then, the long-term employment losses for each metro was extrapolated. The models allow an assessment of the ripple effects - the multipliers - from the directly affected industries as they spread through local economies.

The results are then compared to a baseline - the state of the economy had there not been a terrorist attack and taking a mild recession into account.