The Economic Repercussions of Terrorism

Professor Mikel Buesa is Professor of Applied Economics at the Complutense University of Madrid (UCM) and Head of the Chair of the Economics of Terrorism. He is widely published on the subject of terrorism and the economy and is president of two Spanish civic organizations devoted to promotion of intellectual and political work on counter-terrorism. Professor Thomas Baumert is Professor of Economics at the Catholic University of Valencia and Vice-Dean of the Faculty of Economics and Business Studies. His research areas include the economics of terrorism, especially on the impact of terrorist attacks on financial markets.

I: A THEORETICAL APPROACH TO THE ECONOMICS OF TERRORISM ; 1. The Economics of Terrorism: An Overview of Theory and Applied Studies ; 2. War and Terrorism: The Predatory War Model ; II: ASSESSING THE COSTS OF TERRORISM ; 3. The Economic Cost of 3/11 ; 4. Security and Defence Policies in Spain After 3/11: An Economic Assessment ; 5. Security and Defence Policies in Europe: A Response to Islamic Terrorism ; 6. Direct and Sectoral Impact of the 3/11 Attacks on The Economy of the Community of Madrid ; III: OTHER COSTS RESULTING FROM TERRORIST ATTACKS ; 7. The Impact of Terrorist Attacks on the Stock Markets ; 8. The Effect of the Terrorist Attacks in Madrid on the Outcome of the 2004 Spanish Congressional Election