IDEAS home Printed from https://ideas.repec.org/a/taf/transp/v38y2015i5p483-502.html
   My bibliography  Save this article

TransNIEMO: economic impact analysis using a model of consistent inter-regional economic and network equilibria

Author

Listed:
  • Cho
  • Gordon
  • James E. Moore II
  • Pan
  • Park
  • Harry W. Richardson

Abstract

We describe a model that integrates a multiregional input--output (I--O) model of the USA (for 50 States and the District of Columbia) with the national highway network. Inter-state commodity shipments are placed on a congestible highway network. Simulations of major choke-point disruptions redirect traffic which increases the costs of some shipments. Increased costs show up in higher prices which help to determine a new I--O equilibrium. We find economic and network equilibria that are consistent. The simulations show only moderate economic impacts. We ascribe this to the resilience of the highway network. The model provides State-level detail on who bears the costs of the disruptions.

Suggested Citation

  • Cho & Gordon & James E. Moore II & Pan & Park & Harry W. Richardson, 2015. "TransNIEMO: economic impact analysis using a model of consistent inter-regional economic and network equilibria," Transportation Planning and Technology, Taylor & Francis Journals, vol. 38(5), pages 483-502, July.
  • Handle: RePEc:taf:transp:v:38:y:2015:i:5:p:483-502
    DOI: 10.1080/03081060.2015.1039230
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/03081060.2015.1039230
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/03081060.2015.1039230?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. William H. Miernyk, 1965. "The Elements of Input-Output Analysis," Wholbk, Regional Research Institute, West Virginia University, number 04, November-.
    2. repec:rri:bkchap:04 is not listed on IDEAS
    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. Zhao, Bing & Wang, Nuo & Wang, Yixuan, 2022. "The role of different transportation modes in China's national economy: An input–output analysis," Transport Policy, Elsevier, vol. 127(C), pages 92-102.
    2. 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.

    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. Zeuli, Kimberly A. & Deller, Steven C., 2007. "Measuring the Local Economic Impact of Cooperatives," Journal of Rural Cooperation, Hebrew University, Center for Agricultural Economic Research, vol. 35(1), pages 1-17.
    2. Henryk Gurgul & Paweł Majdosz, 2006. "Interfund linkage analysis: the case of the polish pension fund sector," Economic Systems Research, Taylor & Francis Journals, vol. 18(1), pages 1-27.
    3. Kemper, Nathan & Popp, Jennie S. Hughes & Miller, Wayne P. & Goodwin, Harold L., Jr., 2006. "Running to Stand Still: Challenges Economists Face with Imperfect Data," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35315, Southern Agricultural Economics Association.
    4. John M. Clapp, 1977. "The Relationships among Regional Input-Output, Intersectoral Flows and Rows-Only Analysis," International Regional Science Review, , vol. 2(1), pages 79-89, October.
    5. Fuglestad, Paul & O'Neill, John L., 1985. "An Analysis Of Resource Development In The Talkeetna Basin, Alaska," Staff Reports 277656, United States Department of Agriculture, Economic Research Service.
    6. Johnson, Thomas G., 1983. "On the Standardization of Input-Output Multipliers," 1983 Annual Meeting, July 31-August 3, West Lafayette, Indiana 279117, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Drummond, H. Evan & White, Fred C., 1974. "A Predictive Model For Manpower Requirements In Georgia Agriculture," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 6(1), pages 1-6, July.
    8. Maki, Wilbur R., 1981. "Input-Output Methods For Labor Market Analysis And Projection," Staff Papers 13442, University of Minnesota, Department of Applied Economics.
    9. Brucker, Sharon M., 1980. "New Measures From Input-Output Studies: A Comparison Of Traditional Multipliers And Growth-Equalized Multipliers," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 2), pages 1-7, October.
    10. Findeis, Jill L., 1983. "Input-Output Analysis: A Methodology for Assessing Short Run Changes in Exogenous Prices, Output, and Final Demand," AE & RS Research Reports 257691, Pennsylvania State University, Department of Agricultural Economics and Rural Sociology.
    11. Otto, Daniel M., 1986. "Economic Linkages Between Agriculture and Other Sectors Within Rural America," 1986 Annual Meeting, July 27-30, Reno, Nevada 278114, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Kasal, James & Magleby, Richard, 1988. "Economic Impact Evaluation Using Implan: A Case Study Of The Nebraska Panhandle Project," Staff Reports 277950, United States Department of Agriculture, Economic Research Service.
    13. Xiao, Shiying & Yan, Jun & Zhang, Panpan, 2022. "Incorporating auxiliary information in betweenness measure for input–output networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 607(C).
    14. Deller, Steven C., 2004. "Wisconsin and the Agricultural Economy," Staff Paper Series 471, University of Wisconsin, Agricultural and Applied Economics.
    15. Zuzana Bednaříková, 2012. "Ekonomický přínos zemědělství pro venkovskou ekonomiku: aplikace input-output analýzy [The Economic Contribution of Agriculture for Rural Economy? An Application of Input-Output Analysis]," Politická ekonomie, Prague University of Economics and Business, vol. 2012(2), pages 265-285.
    16. Tomislav Gelo & Nika Šimurina & Jurica Šimurina, 2021. "The Economic Impact of Investment in Renewables in Croatia by 2030," Energies, MDPI, vol. 14(24), pages 1-10, December.
    17. Gordon Mulligan & Randall Jackson & Amanda Krugh, 2013. "Economic base multipliers: a comparison of ACDS and IMPLAN," Regional Science Policy & Practice, Wiley Blackwell, vol. 5(3), pages 289-303, August.
    18. Institut für Wirtschaftsforschung Halle (Ed.), 2012. "Neuere Anwendungsfelder der Input-Output-Analyse. Tagungsband: Beiträge zum Halleschen Input-Output-Workshop 2010," IWH-Sonderhefte 1/2012, Halle Institute for Economic Research (IWH).
    19. Hwang, Henry H. & Maki, Wilbur R., 1979. "Users' Guide To The Minnesota Two-Region Input-Output Model," Staff Papers 13831, University of Minnesota, Department of Applied Economics.
    20. Clemente Polo & Elisabeth Valle, 2016. "Tourism Interactions and Redistribution Effects in the Balearic Islands: A SAM Analysis," Tourism Economics, , vol. 22(2), pages 353-374, 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:transp:v:38:y:2015:i:5:p:483-502. 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/GTPT20 .

    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.