IDEAS home Printed from https://ideas.repec.org/a/kap/transp/v45y2018i4d10.1007_s11116-017-9819-6.html
   My bibliography  Save this article

Economic resilience to transportation failure: a computable general equilibrium analysis

Author

Listed:
  • Zhenhua Chen

    (The Ohio State University)

  • Adam Rose

    (University of Southern California)

Abstract

This study develops and applies a multimodal computable general equilibrium (CGE) framework to investigate the role of resilience in the economic consequences of transportation system failures. Vulnerability and economic resilience of different modes of transportation infrastructure, including air, road, rail, water and local transit, are assessed using a CGE model that incorporates various resilience tactics including modal substitution, trip conservation, excess capacity, relocation/rerouting, and service recapture. The linkages between accessibility, vulnerability, and resilience are analyzed. The model is applied to the transportation system failures in the aftermath of Hurricane Katrina to illustrate its capabilities. The analytical framework, however, has broader applications and can provide insights for resource allocations to enhance emergent responses to unexpected events and to improve resilient design of transportation infrastructure systems.

Suggested Citation

  • Zhenhua Chen & Adam Rose, 2018. "Economic resilience to transportation failure: a computable general equilibrium analysis," Transportation, Springer, vol. 45(4), pages 1009-1027, July.
    • Handle: RePEc:kap:transp:v:45:y:2018:i:4:d:10.1007_s11116-017-9819-6
    DOI: 10.1007/s11116-017-9819-6
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11116-017-9819-6
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11116-017-9819-6?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. Yan Shi & Shumiao Jin & Klaus Seeland, 2015. "Modeling business interruption impacts due to disrupted highway network of Shifang by the Wenchuan earthquake," 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. 75(2), pages 1731-1745, January.
    2. Adam Rose & Misak Avetisyan & Heather Rosoff & William J. Burns & Paul Slovic & Oswin Chan, 2017. "The Role of Behavioral Responses in the Total Economic Consequences of Terrorist Attacks on U.S. Air Travel Targets," Risk Analysis, John Wiley & Sons, vol. 37(7), pages 1403-1418, July.
    3. Adam Rose & Shu‐Yi Liao, 2005. "Modeling Regional Economic Resilience to Disasters: A Computable General Equilibrium Analysis of Water Service Disruptions," Journal of Regional Science, Wiley Blackwell, vol. 45(1), pages 75-112, February.
    4. Adam Rose & Gbadebo Oladosu & Shu‐Yi Liao, 2007. "Business Interruption Impacts of a Terrorist Attack on the Electric Power System of Los Angeles: Customer Resilience to a Total Blackout," Risk Analysis, John Wiley & Sons, vol. 27(3), pages 513-531, June.
    5. Chen, Zhenhua & Rose, Adam Z. & Prager, Fynnwin & Chatterjee, Samrat, 2017. "Economic consequences of aviation system disruptions: A reduced-form computable general equilibrium analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 95(C), pages 207-226.
    6. Snelder, M. & van Zuylen, H.J. & Immers, L.H., 2012. "A framework for robustness analysis of road networks for short term variations in supply," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(5), pages 828-842.
    7. Wei Xie & Ning Li & Chunhua Li & Ji-dong Wu & Aijun Hu & Xiaolin Hao, 2014. "Quantifying cascading effects triggered by disrupted transportation due to the Great 2008 Chinese Ice Storm: implications for disaster risk management," 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. 70(1), pages 337-352, January.
    8. Reggiani, Aura & Nijkamp, Peter & Lanzi, Diego, 2015. "Transport resilience and vulnerability: The role of connectivity," Transportation Research Part A: Policy and Practice, Elsevier, vol. 81(C), pages 4-15.
    9. Lichun Chen & Elise Miller-Hooks, 2012. "Resilience: An Indicator of Recovery Capability in Intermodal Freight Transport," Transportation Science, INFORMS, vol. 46(1), pages 109-123, February.
    10. Marco Modica & Aura Reggiani, 2015. "Spatial Economic Resilience: Overview and Perspectives," Networks and Spatial Economics, Springer, vol. 15(2), pages 211-233, June.
    11. Rose Adam Z. & Oladosu Gbadebo & Lee Bumsoo & Asay Garrett Beeler, 2009. "The Economic Impacts of the September 11 Terrorist Attacks: A Computable General Equilibrium Analysis," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 15(2), pages 1-31, July.
    12. Reggiani, Aura, 2013. "Network resilience for transport security: Some methodological considerations," Transport Policy, Elsevier, vol. 28(C), pages 63-68.
    13. Cox, Andrew & Prager, Fynnwin & Rose, Adam, 2011. "Transportation security and the role of resilience: A foundation for operational metrics," Transport Policy, Elsevier, vol. 18(2), pages 307-317, March.
    14. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Prager, Fynnwin & Rhoads, Mohja & Martínez, Jose N., 2022. "The COVID-19 economic shutdown and the future of flexible workplace practices in the South Bay region of Los Angeles County," Transport Policy, Elsevier, vol. 125(C), pages 241-255.
    2. Botelho, Vinícius, 2019. "Estimating the economic impacts of power supply interruptions," Energy Economics, Elsevier, vol. 80(C), pages 983-994.
    3. Gonçalves, L.A.P.J. & Ribeiro, P.J.G., 2020. "Resilience of urban transportation systems. Concept, characteristics, and methods," Journal of Transport Geography, Elsevier, vol. 85(C).
    4. Celso Brunetti & John Caramichael & Matteo Crosignani & Benjamin Dennis & Gurubala Kotta & Donald P. Morgan & Chaehee Shin & Ilknur Zer, 2022. "Climate-related Financial Stability Risks for the United States: Methods and Applications," Finance and Economics Discussion Series 2022-043, Board of Governors of the Federal Reserve System (U.S.).
    5. Chen, Zhenhua & Wang, Yuxuan & Zhou, Lei, 2021. "Predicting weather-induced delays of high-speed rail and aviation in China," Transport Policy, Elsevier, vol. 101(C), pages 1-13.
    6. J. Verschuur & E. E. Koks & J. W. Hall, 2022. "Ports’ criticality in international trade and global supply-chains," Nature Communications, Nature, vol. 13(1), pages 1-13, December.

    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. Adam Rose & Charles K. Huyck, 2016. "Improving Catastrophe Modeling for Business Interruption Insurance Needs," Risk Analysis, John Wiley & Sons, vol. 36(10), pages 1896-1915, October.
    2. Meri Davlasheridze & Kayode O. Atoba & Samuel Brody & Wesley Highfield & William Merrell & Bruce Ebersole & Adam Purdue & Robert W. Gilmer, 2019. "Economic impacts of storm surge and the cost-benefit analysis of a coastal spine as the surge mitigation strategy in Houston-Galveston area in the USA," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 24(3), pages 329-354, March.
    3. Walmsley, Terrie & Rose, Adam & John, Richard & Wei, Dan & Hlávka, Jakub P. & Machado, Juan & Byrd, Katie, 2023. "Macroeconomic consequences of the COVID-19 pandemic," Economic Modelling, Elsevier, vol. 120(C).
    4. Matteo Coronese & Davide Luzzati, 2022. "Economic impacts of natural hazards and complexity science: a critical review," LEM Papers Series 2022/13, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    5. Tobias Mueller & Steven Gronau, 2023. "Fostering Macroeconomic Research on Hydrogen-Powered Aviation: A Systematic Literature Review on General Equilibrium Models," Energies, MDPI, vol. 16(3), pages 1-33, February.
    6. Yan Shi & Shumiao Jin & Klaus Seeland, 2015. "Modeling business interruption impacts due to disrupted highway network of Shifang by the Wenchuan earthquake," 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. 75(2), pages 1731-1745, January.
    7. Kashin Sugishita & Yasuo Asakura, 2021. "Vulnerability studies in the fields of transportation and complex networks: a citation network analysis," Public Transport, Springer, vol. 13(1), pages 1-34, March.
    8. Liu, Wei & Song, Zhaoyang, 2020. "Review of studies on the resilience of urban critical infrastructure networks," Reliability Engineering and System Safety, Elsevier, vol. 193(C).
    9. Li, Zhaolong & Jin, Chun & Hu, Pan & Wang, Cong, 2019. "Resilience-based transportation network recovery strategy during emergency recovery phase under uncertainty," Reliability Engineering and System Safety, Elsevier, vol. 188(C), pages 503-514.
    10. Pan, Shouzheng & Yan, Hai & He, Jia & He, Zhengbing, 2021. "Vulnerability and resilience of transportation systems: A recent literature review," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 581(C).
    11. Chen, Zhenhua & Rose, Adam Z. & Prager, Fynnwin & Chatterjee, Samrat, 2017. "Economic consequences of aviation system disruptions: A reduced-form computable general equilibrium analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 95(C), pages 207-226.
    12. Jansuwan, Sarawut & Chen, Anthony & Xu, Xiangdong, 2021. "Analysis of freight transportation network redundancy: An application to Utah’s bi-modal network for transporting coal," Transportation Research Part A: Policy and Practice, Elsevier, vol. 151(C), pages 154-171.
    13. Gu, Yu & Fu, Xiao & Liu, Zhiyuan & Xu, Xiangdong & Chen, Anthony, 2020. "Performance of transportation network under perturbations: Reliability, vulnerability, and resilience," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 133(C).
    14. Milan Janić, 2018. "Modelling the resilience of rail passenger transport networks affected by large-scale disruptive events: the case of HSR (high speed rail)," Transportation, Springer, vol. 45(4), pages 1101-1137, July.
    15. Zhu, Jingjing & Xu, Xiangdong & Wang, Zijian, 2023. "Economic evaluation of redundancy design for transportation networks under disruptions: Framework and case study," Transport Policy, Elsevier, vol. 142(C), pages 70-83.
    16. Nogal, Maria & Morales Nápoles, Oswaldo & O’Connor, Alan, 2019. "Structured expert judgement to understand the intrinsic vulnerability of traffic networks," Transportation Research Part A: Policy and Practice, Elsevier, vol. 127(C), pages 136-152.
    17. Gonçalves, L.A.P.J. & Ribeiro, P.J.G., 2020. "Resilience of urban transportation systems. Concept, characteristics, and methods," Journal of Transport Geography, Elsevier, vol. 85(C).
    18. Hosseini, Seyedmohsen & Barker, Kash & Ramirez-Marquez, Jose E., 2016. "A review of definitions and measures of system resilience," Reliability Engineering and System Safety, Elsevier, vol. 145(C), pages 47-61.
    19. Jason Nassios & James A. Giesecke, 2018. "Informing Ex Ante Event Studies with Macro‐Econometric Evidence on the Structural and Policy Impacts of Terrorism," Risk Analysis, John Wiley & Sons, vol. 38(4), pages 804-825, April.
    20. Jing, Weiwei & Xu, Xiangdong & Pu, Yichao, 2020. "Route redundancy-based approach to identify the critical stations in metro networks: A mean-excess probability measure," Reliability Engineering and System Safety, Elsevier, vol. 204(C).

    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:kap:transp:v:45:y:2018:i:4:d:10.1007_s11116-017-9819-6. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.