Assessing the Impact of the September 11 Terrorist Attacks on U.S. Airline Demand
Copyright policy )Assessing the Impact of the September 11 Terrorist Attacks on U.S. Airline Demand
This paper assesses the impact of the September 11 terrorist attacks and its after-effects on U.S. airline demand. Using monthly time-series data from 1986 to 2003, we find that September 11 resulted in both a negative transitory shock of over 30% and an ongoing negative demand shock amounting to roughly 7.4% of pre-September 11 demand. This ongoing demand shock has yet to dissipate (as of November 2003) and cannot be explained by economic, seasonal, or other factors.
- National Bureau of Economic Research United States
- Compass Lexecon United States
- University of Rhode Island United States
- LECG Corporation United States
- Brown University United States
Nachfrage, R41, ddc:330, Structural Change, Airlines, Attenuating Shock, L16, Politische Gewalt, Luftverkehr, Article, L93, September 11, USA
Nachfrage, R41, ddc:330, Structural Change, Airlines, Attenuating Shock, L16, Politische Gewalt, Luftverkehr, Article, L93, September 11, USA
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