Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80085
Authors: 
Ito, Harumi
Lee, Darin
Year of Publication: 
2003
Series/Report no.: 
Working Paper, Brown University, Department of Economics 2003-16
Abstract: 
This paper assesses the impact of the September 11th terrorist attacks and its after-effects on U.S. airline demand. Using monthly time-series data from 1986-2003, we find that September 11th resulted in both a negative transitory shock of over 30% and an ongoing negative demand shock amounting to roughly 7.4% of pre-September 11th demand. This ongoing demand shock has yet to dissipate (as of November 2003) and cannot be explained by economic, seasonal, or other factors.
Subjects: 
Airlines
Structural Change
Attenuating Shock
September 11
JEL: 
R41
L16
L93
Document Type: 
Working Paper

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