Terrorist Attack Assessment: Paris November 2015 and Brussels March 2016
Journal of Policy Modeling, 38(3): 553-571, 2016
19 Pages Posted: 20 Apr 2016 Last revised: 20 Oct 2016
Date Written: April 18, 2016
This paper intends to establish conceptual foundations of analyzing the economic dimensions of terrorism. The economic impact of terrorist attack model (EITA-Model) attempts to estimate the optimum number of potential terrorist incidents that can influence the regional economic performance. The model suggests a three-phase of terrorist operations: (i) The terrorist group attack setting; (ii) the terrorist group attack behavior; and (iii) the post-effect of the terrorist group attack. The model introduces five alternative risk indicators for the estimation of terrorist attacks: (i) the maximum level of terrorist group attack targets (φ'); (ii) terrorist group attack destruction (-π); (iii) economic terrorist wear (W); (iv) economic desgrowth (-δ); and (v) the multidimensional graphical sub-strategic national security sector analysis. The model investigates the recent terrorist attacks in Paris November 2015 and in Brussels March 2016.
Keywords: Economic Modeling, Terrorism, France, Belgium, Economic, Policy Modeling
JEL Classification: R11, R12
Suggested Citation: Suggested Citation