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.

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

    Citations

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


    Cited by:

    1. Carlos Adriàn Romero & Omar Osvaldo Chisari & Leonardo Javier Mastronardi & Arturo Leonardo Vásquez Cordano, 2015. "The cost of failing to prevent gas supply interruption: A CGE assessment for Peru," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2015(2), pages 131-148.
    2. 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.
    3. repec:eee:transb:v:108:y:2018:i:c:p:281-298 is not listed on IDEAS
    4. Edward Oughton, 2017. "Stochastic counterfactual analysis for the vulnerability assessment of cyber-physical attacks on electricity distribution infrastructure networks," Working Papers 2017/03, Cambridge Judge Business School, University of Cambridge.
    5. Morton O’Kelly, 2015. "Network Hub Structure and Resilience," Networks and Spatial Economics, Springer, vol. 15(2), pages 235-251, June.
    6. 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.
    7. repec:eee:proeco:v:208:y:2019:i:c:p:446-460 is not listed on IDEAS
    8. Hallegatte, Stephane, 2014. "Economic resilience: definition and measurement," Policy Research Working Paper Series 6852, The World Bank.
    9. repec:eee:enepol:v:115:y:2018:i:c:p:584-615 is not listed on IDEAS
    10. repec:kap:transp:v:45:y:2018:i:4:d:10.1007_s11116-017-9819-6 is not listed on IDEAS
    11. Giovanni Marin & Marco Modica, 2016. "Mapping the exposure to natural disaster losses for Italian municipalities," SEEDS Working Papers 0916, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Oct 2016.
    12. repec:eee:proeco:v:208:y:2019:i:c:p:356-368 is not listed on IDEAS
    13. Mattia Amadio & Jaroslav Mysiak & Lorenzo Carrera & Elco Koks, 2016. "Improving flood damage assessment models in Italy," 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. 82(3), pages 2075-2088, July.
    14. Susan Cutter, 2016. "The landscape of disaster resilience indicators in the USA," 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. 80(2), pages 741-758, January.
    15. Viljoen, Nadia M. & Joubert, Johan W., 2016. "The vulnerability of the global container shipping network to targeted link disruption," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 462(C), pages 396-409.
    16. Umberto Monarca & Ernesto Cassetta & Alessandro Sarra & Cesare Pozzi, 2015. "Integrating renewable energy sources into electricity markets: Power system operation, resource adequacy and market design," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2015(2), pages 149-166.
    17. repec:spr:masfgc:v:24:y:2019:i:3:d:10.1007_s11027-018-9814-z is not listed on IDEAS
    18. Susan L. Cutter, 2016. "The landscape of disaster resilience indicators in the USA," 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. 80(2), pages 741-758, January.
    19. repec:spr:jtrsec:v:11:y:2018:i:3:d:10.1007_s12198-018-0191-3 is not listed on IDEAS
    20. Simola, Heli, 2019. "Evaluating international impacts of China-specific shocks in an input-output framework," BOFIT Discussion Papers 17/2019, Bank of Finland, Institute for Economies in Transition.
    21. 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).

    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.

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

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.