IDEAS home Printed from https://ideas.repec.org/a/taf/ecsysr/v25y2013i2p212-232.html
   My bibliography  Save this article

Estimating The Economic Consequences Of A Port Shutdown: The Special Role Of Resilience

Author

Listed:
  • Adam Rose
  • Dan Wei

Abstract

This paper develops a methodology for the estimation of the total economic consequences of a seaport disruption, factoring in the major types of resilience. The foundation of the methodology is a combination of demand-driven and supply-driven input--output analyses. Resilience is included through a series of ad hoc adjustments based on various formal models and expert judgment. Moreover, we have designed the methodology in a manner that overcomes the major shortcomings of the supply-driven approach. We apply the methodology to a 90-day disruption at the twin seaports of Beaumont and Port Arthur, Texas, which is a major port area that includes a petrochemical manufacturing complex. We find that regional gross output could decline by as much as $13 billion at the port region level, but that resilience can reduce these impacts by nearly 70%.

Suggested Citation

  • Adam Rose & Dan Wei, 2013. "Estimating The Economic Consequences Of A Port Shutdown: The Special Role Of Resilience," Economic Systems Research, Taylor & Francis Journals, vol. 25(2), pages 212-232, June.
    • Handle: RePEc:taf:ecsysr:v:25:y:2013:i:2:p:212-232
    DOI: 10.1080/09535314.2012.731379
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09535314.2012.731379
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09535314.2012.731379?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Mark Orsi & Joost Santos, 2010. "Probabilistic Modeling Of Workforce-Based Disruptions And Input-Output Analysis Of Interdependent Ripple Effects," Economic Systems Research, Taylor & Francis Journals, vol. 22(1), pages 3-18.
    2. Ning Ai & Karen Polenske, 2008. "Socioeconomic Impact Analysis of Yellow-dust Storms: An Approach and Case Study for Beijing," Economic Systems Research, Taylor & Francis Journals, vol. 20(2), pages 187-203.
    3. Louis de Mesnard, 1997. "A biproportional filter to compare technical and allocation coefficient variations," Post-Print hal-00383934, HAL.
    4. Barker, Kash & Haimes, Yacov Y., 2009. "Assessing uncertainty in extreme events: Applications to risk-based decision making in interdependent infrastructure sectors," Reliability Engineering and System Safety, Elsevier, vol. 94(4), pages 819-829.
    5. Kash Barker & Claudio Rocco S., 2011. "Evaluating Uncertainty In Risk-Based Interdependency Modeling With Interval Arithmetic," Economic Systems Research, Taylor & Francis Journals, vol. 23(2), pages 213-232.
    6. Barker, Kash & Santos, Joost R., 2010. "Measuring the efficacy of inventory with a dynamic input-output model," International Journal of Production Economics, Elsevier, vol. 126(1), pages 130-143, July.
    7. Peter Boettke & Emily Chamlee-Wright & Peter Gordon & Sanford Ikeda & Peter T. Leeson & Russell Sobel, 2007. "The Political, Economic, and Social Aspects of Katrina," Southern Economic Journal, John Wiley & Sons, vol. 74(2), pages 363-376, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jan Oosterhaven, 2017. "On the limited usability of the inoperability IO model," Economic Systems Research, Taylor & Francis Journals, vol. 29(3), pages 452-461, July.
    2. Joost R. Santos & Larissa May & Amine El Haimar, 2013. "Risk‐Based Input‐Output Analysis of Influenza Epidemic Consequences on Interdependent Workforce Sectors," Risk Analysis, John Wiley & Sons, vol. 33(9), pages 1620-1635, September.
    3. Oosterhaven, Jan, 2015. "On the doubtful usability of the inoperability IO model," Research Report 15008-EEF, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    4. Reilly, Allison C. & Baroud, Hiba & Flage, Roger & Gerst, Michael D., 2021. "Sources of uncertainty in interdependent infrastructure and their implications," Reliability Engineering and System Safety, Elsevier, vol. 213(C).
    5. Joost R. Santos & Lucia Castro Herrera & Krista Danielle S. Yu & Sheree Ann T. Pagsuyoin & Raymond R. Tan, 2014. "State of the Art in Risk Analysis of Workforce Criticality Influencing Disaster Preparedness for Interdependent Systems," Risk Analysis, John Wiley & Sons, vol. 34(6), pages 1056-1068, June.
    6. Pant, Raghav & Barker, Kash & Zobel, Christopher W., 2014. "Static and dynamic metrics of economic resilience for interdependent infrastructure and industry sectors," Reliability Engineering and System Safety, Elsevier, vol. 125(C), pages 92-102.
    7. Nick Middleton & Utchang Kang, 2017. "Sand and Dust Storms: Impact Mitigation," Sustainability, MDPI, vol. 9(6), pages 1-22, June.
    8. Emily Chamlee-Wright & Virgil Henry Storr, 2010. "Introduction: Uncertainty and Discovery in a Post-Disaster Context," Chapters, in: Emily Chamlee-Wright & Virgil Henry Storr (ed.), The Political Economy of Hurricane Katrina and Community Rebound, chapter 1, Edward Elgar Publishing.
    9. Thomas Husted & David Nickerson, 2014. "Political Economy of Presidential Disaster Declarations and Federal Disaster Assistance," Public Finance Review, , vol. 42(1), pages 35-57, January.
    10. André Schultz & Alexander Libman, 2015. "Is there a local knowledge advantage in federations? Evidence from a natural experiment," Public Choice, Springer, vol. 162(1), pages 25-42, January.
    11. , Aisdl, 2020. "Influence of the Investigation Process on the Political, Economic and Social Status of the Accused in Criminal Cases in Vietnam," OSF Preprints sph5f, Center for Open Science.
    12. Stéphane Hallegatte, 2014. "Modeling the Role of Inventories and Heterogeneity in the Assessment of the Economic Costs of Natural Disasters," Risk Analysis, John Wiley & Sons, vol. 34(1), pages 152-167, January.
    13. Gaeun Kim & Jiwon Kim & Youngjin Ko & Olebogeng Thelma G. Eyman & Sarwat Chowdhury & Julie Adiwal & Wookyun Lee & Yowhan Son, 2021. "How Do Nature-Based Solutions Improve Environmental and Socio-Economic Resilience to Achieve the Sustainable Development Goals? Reforestation and Afforestation Cases from the Republic of Korea," Sustainability, MDPI, vol. 13(21), pages 1-19, November.
    14. Justin T. Callais & Jamie Bologna Pavlik, 2023. "Does economic freedom lighten the blow? Evidence from the great recession in the United States," Economics of Governance, Springer, vol. 24(3), pages 357-398, September.
    15. Baghersad, Milad & Zobel, Christopher W., 2015. "Economic impact of production bottlenecks caused by disasters impacting interdependent industry sectors," International Journal of Production Economics, Elsevier, vol. 168(C), pages 71-80.
    16. Monica Escaleras & Charles Register, 2012. "Fiscal decentralization and natural hazard risks," Public Choice, Springer, vol. 151(1), pages 165-183, April.
    17. Jolley, G. Jason & O'Donovan, Kristin Taylor & Sandler, Austin M., 2017. "Do Rural Areas Experience the Same Benet as Urban Areas from Disasters?," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 48(1), June.
    18. Joanna Resurreccion & Joost Santos, 2013. "Uncertainty modeling of hurricane-based disruptions to interdependent economic and infrastructure systems," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 69(3), pages 1497-1518, December.
    19. Li Cunbin & Liu Yunqi & Li Shuke, 2015. "A Dynamic Model of Procurement Risk Element Transmission in Construction Projects," Journal of Systems Science and Information, De Gruyter, vol. 3(2), pages 133-144, April.
    20. Carden William A, 2009. "Sound and Fury: Rhetoric and Rebound after Katrina," Journal of Business Valuation and Economic Loss Analysis, De Gruyter, vol. 4(2), pages 1-14, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ecsysr:v:25:y:2013:i:2:p:212-232. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CESR20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.