Comparing the Impact of the September 11th Terrorist Attacks on International Airline Demand |
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| Authors: | Harumi Ito Darin Lee |
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| Affiliation: | 1. Department of Economics, Box B , Brown University , Providence , RI, 02912 , USA E-mail: Harumi_Ito@Brown.edu;2. LECG, Corp. , 350 Massachusetts Avenue, Suite 300, Cambridge , MA 02139 , USA E-mail: darin_lee@lecg.com |
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| Abstract: | This article compares the impact of the September 11th terrorist attacks and its after‐effects on airline demand in the Australia, Canada, Europe, Japan and the US. Using a variety of time‐series data, we compare how changes in risk perception following the attacks impacted domestic and international demand. Moreover, we decompose the terrorist attacks’ effects into their transitory and ongoing components on airline demand. |
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| Keywords: | Airline Demand International Terrorism September 11th Risk Perception JEL Classifications: R41, L16, L93 |
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