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Publication Date:
August 2008
ISSN:
1547-7355
DOI:
10.2202/1547-7355.1437

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Editor-in-Chief: Renda-Tanali, Irmak, D.Sc.

Managing Editor: McGee, Sibel, Ph.D.

2 Issues per year

Increased IMPACT FACTOR 2011: 0.547
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Simulating the Economic Impacts of a Hypothetical Bio-Terrorist Attack: A Sports Stadium Case

Bumsoo Lee / Peter Gordon / James E Moore II / Harry W. Richardson

1University of Illinois at Urbana-Champaign

1University of Southern California

1University of Southern California

1University of Southern California

Citation Information: Journal of Homeland Security and Emergency Management. Volume 5, Issue 1, Pages –, ISSN (Online) 1547-7355, DOI: 10.2202/1547-7355.1437, August 2008

Publication History:
Published Online:
2008-08-18

The purpose of this paper is two-fold. First, we suggest an analytical framework to study the full economic impacts of hypothetical bio-terrorist attacks on various targets. We particularly emphasize the importance of estimating economic impacts that occur through systems and behavior linkages beyond direct losses. Second, we provide a case study that analyzes the economic impacts of an attack on a major league sports stadium. The estimated loss from the stadium attack ranges from $62 billion to $73 billion. The largest loss comes from the loss of lives, followed by the reduced demand for sports stadium visits. We demonstrate that available off-the-shelf impact models (in this case IMPLAN) can be utilized, via the development of detailed but plausible scenarios grounded in available data and literature.

Keywords: economic impacts; bio-terrorism; sports stadium attack; input-output analysis

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