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

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  • 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%.

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  • 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
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    1. 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, Southern Economic Association, vol. 74(2), pages 363-376, October.
    2. 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.
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