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Assessment of economic impacts from unexpected events with an interregional commodity flow and multimodal transportation network model

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  • Ham, Heejoo
  • Kim, Tschangho John
  • Boyce, David

Abstract

Loss and damage caused by unscheduled events, especially earthquakes, have sudden and significant impacts not only on the region's economy where the event occurs but also on other regions. The New Madrid Seismic Zone, located in the center of the United States, could have great impacts on economic activities related to this area, if a major earthquake occurred. Based on the 1993 US Commodity Flow Survey [US Commodity Flow Survey, 1993. Available from: ], more than 42% of total commodity flows in the US are related to the greater Midwest, which includes the New Madrid Seismic Zone. If a catastrophic earthquake occurred in this area, the indirect damages could spread far beyond the region, and could have sizable impacts on other regions. A model of interregional commodity flows, incorporating regional input-output relationships, and the corresponding transportation network flows, was applied to assess the economic impacts of such an unexpected event. The economic impacts from the event are described for three hypothetical scenarios, analyzing the magnitude and the extent of the direct and indirect impacts. These analytical results may be used to propose strategic management of the recovery and reconstruction efforts after the event.

Suggested Citation

  • Ham, Heejoo & Kim, Tschangho John & Boyce, David, 2005. "Assessment of economic impacts from unexpected events with an interregional commodity flow and multimodal transportation network model," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(10), pages 849-860, December.
  • Handle: RePEc:eee:transa:v:39:y:2005:i:10:p:849-860
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    References listed on IDEAS

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    1. Tschangho John Kim & Heejoo Ham & David E. Boyce, 2002. "Economic impacts of transportation network changes: Implementation of a combined transportation network and input-output model," Review of Economic Design, Springer;Society for Economic Design, vol. 81(2), pages 223-246, April.
    2. Tschangho John Kim & Heejoo Ham & David E. Boyce, 2002. "Economic impacts of transportation network changes: Implementation of a combined transportation network and input-output model," Economics of Governance, Springer, vol. 81(2), pages 223-246, April.
    3. Heejoo Ham & Tschangho John Kim & David E. Boyce, 2002. "Economic impacts of transportation network changes: Implementation of a combined transportation network and input-output model," Papers in Regional Science, Springer;Regional Science Association International, vol. 81(2), pages 223-246.
    4. Sungbin Cho & Peter Gordon & James E. Moore II & Harry W. Richardson & Masanobu Shinozuka & Stephanie Chang, 2001. "Integrating Transportation Network and Regional Economic Models to Estimate the Costs of a Large Urban Earthquake," Journal of Regional Science, Wiley Blackwell, vol. 41(1), pages 39-65, February.
    5. Ham, Heejoo & Kim, Tschangho John & Boyce, David, 2005. "Implementation and estimation of a combined model of interregional, multimodal commodity shipments and transportation network flows," Transportation Research Part B: Methodological, Elsevier, vol. 39(1), pages 65-79, January.
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    Cited by:

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    3. Tony H. Grubesic & Timothy C. Matisziw & Alan T. Murray & Diane Snediker, 2008. "Comparative Approaches for Assessing Network Vulnerability," International Regional Science Review, , vol. 31(1), pages 88-112, January.
    4. Jenelius, Erik & Mattsson, Lars-Göran, 2012. "Road network vulnerability analysis of area-covering disruptions: A grid-based approach with case study," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(5), pages 746-760.
    5. Iman Rahimi Aloughareh & Mohsen Ghafory Ashtiany & Kiarash Nasserasadi, 2016. "An Integrated Methodology For Regional Macroeconomic Loss Estimation Of Earthquake: A Case Study Of Tehran," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(04), pages 1-24, September.
    6. Özdamar, Linet & Tüzün Aksu, Dilek & Ergüneş, Biket, 2014. "Coordinating debris cleanup operations in post disaster road networks," Socio-Economic Planning Sciences, Elsevier, vol. 48(4), pages 249-262.
    7. Mobeen Ur Rehman, 2016. "Financial Contagion in EFA Markets in Crisis Periods: A Multivariate GARCH Dynamic Conditional Correlation Framework," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 21(2), pages 121-151, July-Dec.
    8. Tuzun Aksu, Dilek & Ozdamar, Linet, 2014. "A mathematical model for post-disaster road restoration: Enabling accessibility and evacuation," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 61(C), pages 56-67.
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