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Economic Impact of Biological Incidents: A Literature Review

  • Donato MoreaEmail author
  • Luigi Antonio Poggi
  • Valeria Tranquilli
Conference paper

Abstract

According to the European Union’s point of view, no public authority can afford to ignore chemical, biological, radiological, nuclear, and explosive (CBRNe) threat given its potentially very significant consequences in terms of human life and economic effects. EU carried out investigation activities aiming to the implementation of biological actions like the adoption of risk management standards, the codes of conduct in bio issues for laboratories, and the funding of research projects on biosecurity activities. Since CBRNe incidents and specifically biological events can be profiled through methodological approaches, this paper has the purpose to review the literature production on that field. In the paper, we analyzed different approaches passing through Kaufmann et al., who first modeled economic analyses of a theoretical biological postattack of biological warfare, to Enders and Sandler, who examined the consequence scenarios for biological attacks. Moreover, from Ramseger et al., with his methodology to assess the economic impact of the CBRNe threats, and finally to Cavallini et al., who tried to build an impact profile of this kind of incidents to support the policymakers’ strategic decisions after the events, the paper has the intent to seek the limits and the possible future scenarios of these literature aiming to refine the impact profiling of the biological events and study the related economic costs.

Keywords

CBRNe threats Biological incidents Economic impact Cost-benefit analysis 

References

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    Communication COM 273 final: Communication from the commission to the European Parliament and the council on strengthening chemical, biological, radiological and nuclear security in the European Union-an EU CBRN Action Plan, 24 June (2009)Google Scholar
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    Directive 2008/114/EC of the Council: On the identification and designation of European critical infrastructures and the assessment of the need to improve their protection, 8 December (2008)Google Scholar
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    Kaufmann, A.F., Meltzer, M.I., Schmid, G.P.: The economic impact of a bioterrorist attack: are prevention and postattack intervention programs justifiable? Emerg. Infect. Dis. 3, 83–94 (1997)CrossRefGoogle Scholar
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    RAND: Corporation Distribution of losses from large terrorist attacks under the Terrorist Risk Insurance Act. RAND terrorism risk management policy (2005)Google Scholar
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    Enders, W., Sandler, T.: The future of terrorism. In: The Political Economy of Terrorism. Cambridge University Press, Cambridge (2011)CrossRefGoogle Scholar
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    Ramseger, A., Kalinowski, M.B., Weiß, L.: CBRN threats and the economic analysis of terrorism, prepared for the Network for the Economic Analysis of Terrorism (NEAT). Economics of Security Working Paper 9, Economics of Security, Berlin (2009)Google Scholar
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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  • Donato Morea
    • 1
    Email author
  • Luigi Antonio Poggi
    • 1
  • Valeria Tranquilli
    • 2
  1. 1.Department of Industrial EngineeringUniversity of Rome Tor VergataRomeItaly
  2. 2.Order of the Engineers of the Province of RomeRomeItaly

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