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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
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    References listed on IDEAS

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    1. William H. Miernyk, 1965. "The Elements of Input-Output Analysis," Wholbk, Regional Research Institute, West Virginia University, number 04, Fall.
    2. repec:rri:bkchap:04 is not listed on IDEAS
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    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.

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