Information Exchange: Publications

CREATE Electricity Case: Impact to New Jersey's Economy of the Loss of Power in New Jersey's Urban Industrial Corridor, Report 5

Author: Michael Greenberg, Nancy Mantell, Michael Lahr, and Frank Felder

Sector: Energy

Publication type: Acrobat PDF

The economic impacts of potential terrorist attacks on the New Jersey electric power system are examined using two regional economic models. The magnitude and duration of the effects vary by type of business and income measure. The shock is initiated in the summer 2005 quarter. The state economy quickly recovers within a year, if we assume that economic activity is restored in the next time period. However, if the attacks prompt an absolute of loss of activity because of migration or closing, then the economy does not fully recover by the year 2010. The policy implication is that the costs and benefits of making the system more resilient to plausible attacks should be weighed and that the restorative capacity of the system should be strengthened

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Date Created: September 2005; Date Posted: September 2006

People:

• Felder, Frank
• Greenberg, Michael
• Lahr, Michael
• Mantell, Nancy

Projects:

• Center for Risk and Economic Analysis of Terrorism Events (CREATE)

Sectors:

• Energy

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