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Analysis of Economic Impacts of an Earthquake on Transportation Network

In: Modeling Spatial and Economic Impacts of Disasters

Author

Listed:
  • Jungyul Sohn

    (University of Maryland
    University of Illinois)

  • Geoffrey J. D. Hewings

    (University of Illinois)

  • Tschangho John Kim

    (University of Illinois)

  • Jong Sung Lee

    (University of Illinois)

  • Sung-Gheel Jang

    (University of Illinois)

Abstract

Prior to the 1990s, natural disasters and their economic impacts were not a major field of study for regional economic analysts even though there was a sizeable literature based on structural engineering and geotechnical approaches. The latter approaches attempted to understand the behavior of earthquakes and to explore ways to prevent or minimize damage from the disaster should it occur. However, when decisions needs to be made on the retrofit of existing facilities as a prevention or the restoration of disrupted facilities after damages, economic considerations related to budgeting priorities have not been prominently featured. As a consequence, decisions about retrofit strategies tend to focus on engineering-based criteria (for example, bridge 21 on route 50 should be retrofitted because it presents the greatest probability of collapsing given an earthquake of magnitude x) rather than on economic criteria (for example, a 10% loss of capacity on bridge 10 on route 60 would create the greatest economic disruption under a similar earthquake scenario and hence would have the highest priority for retrofit). Hence, there is a clear need to provide some interface to explore the ways in which engineering-based assessments can be compared with those based on economic analysis tools. The current research described in this chapter provides such an interdisciplinary research effort.1

Suggested Citation

  • Jungyul Sohn & Geoffrey J. D. Hewings & Tschangho John Kim & Jong Sung Lee & Sung-Gheel Jang, 2004. "Analysis of Economic Impacts of an Earthquake on Transportation Network," Advances in Spatial Science, in: Yasuhide Okuyama & Stephanie E. Chang (ed.), Modeling Spatial and Economic Impacts of Disasters, chapter 12, pages 233-256, Springer.
    • Handle: RePEc:spr:adspcp:978-3-540-24787-6_12
    DOI: 10.1007/978-3-540-24787-6_12
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    Citations

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    Cited by:

    1. Haddad, Eduardo A. & Hewings, Geoffrey J.D., 2005. "Market imperfections in a spatial economy: some experimental results," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(2-3), pages 476-496, May.
    2. Sohn, Jungyul, 2006. "Evaluating the significance of highway network links under the flood damage: An accessibility approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(6), pages 491-506, July.
    3. 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.
    4. Hirokazu Tatano & Satoshi Tsuchiya, 2008. "A framework for economic loss estimation due to seismic transportation network disruption: a spatial computable general equilibrium approach," 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. 44(2), pages 253-265, February.
    5. Michiyuki Yagi & Shigemi Kagawa & Shunsuke Managi & Hidemichi Fujii & Dabo Guan, 2020. "Supply Constraint from Earthquakes in Japan in Input–Output Analysis," Risk Analysis, John Wiley & Sons, vol. 40(9), pages 1811-1830, September.
    6. Suman K SHARMA, 2010. "Socio-Economic Aspects of Disaster’s Impact: An Assessment of Databases and Methodologies," Economic Growth Centre Working Paper Series 1001, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.

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