Terrorist attack assessment: Paris November 2015 and Brussels March 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 (phi'); (ii) terrorist group attack destruction (-pi); (iii) economic terrorist wear (W); (iv) economic desgrowth (-delta); 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. (C) 2016 The Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.