TransNIEMO: economic impact analysis using a model of consistent inter-regional economic and network equilibria

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TransNIEMO: economic impact analysis using a model of consistent inter-regional economic and network equilibria

Cho, JoongKoo / Gordon, Peter / Moore II, James E. / Pan, Qisheng / Park, JiYoung / Richardson, Harry W.

We describe a model that integrates a multiregional input–output (I–O) model of the USA (for 50 States and the District of Columbia) with the national highway network. Inter-state commodity shipments are placed on a congestible highway network. Simulations of major choke-point disruptions redirect traffic which increases the costs of some shipments. Increased costs show up in higher prices which help to determine a new I–O equilibrium. We find economic and network equilibria that are consistent. The simulations show only moderate economic impacts. We ascribe this to the resilience of the highway network. The model provides State-level detail on who bears the costs of the disruptions.

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Title :

TransNIEMO: economic impact analysis using a model of consistent inter-regional economic and network equilibria

Contributors:

Cho, JoongKoo (author) / Gordon, Peter (author) / Moore II, James E. (author) / Pan, Qisheng (author) / Park, JiYoung (author) / Richardson, Harry W. (author)

Published in:

Transportation Planning and Technology ; 38 , 5 ; 483-502

Publication date :

2015-07-04

Size :

20 pages

ISSN :

0308-1060 , 1029-0354

DOI :

https://doi.org/10.1080/03081060.2015.1039230

Type of media :

Article (Journal)