Providing an Accurate Performance Measure of the Economic Contribution of the Freight Industry: An Input-Output Analysis

Hyeon-Shic Shin, Sanjay Bapna, Andrew Farkas and Amirreza Nickkar
Additional contact information
Hyeon-Shic Shin: Morgan State University, Baltimore, USA
Sanjay Bapna: Morgan State University, Baltimore, USA
Andrew Farkas: Morgan State University, Baltimore, USA
Amirreza Nickkar: Morgan State University, Baltimore, USA

International Journal of Applied Logistics (IJAL), 2019, vol. 9, issue 1, 23-38

Abstract: The economic impacts of freight movement on Maryland's economy were estimated by input-output analysis using the 2010 IMPLAN data. This effort was motivated by the absence of defendable performance measures for the economic contribution of freight transportation services. The analysis revealed that the freight industry generates sizable ripple effects. While the trucking sector is the largest by absolute employment size, the spillovers of maritime freight and port services are about seven times their employment size. The impact of government spending is also significant. The study findings and method will help decision-makers understand the role that each freight mode plays to make more informed decisions on transportation investments. The economic indicators used in this study (jobs, income, and gross domestic product (GDP)) can be used to mitigate the negative perceptions of freight movement. While travel time reduction and increased business productivity (used in past studies) are useful performance measures, jobs and income measures are more informative for public discourse.

Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://services.igi-global.com/resolvedoi/resolve. ... 4018/IJAL.2019010102 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:igg:jal000:v:9:y:2019:i:1:p:23-38

Access Statistics for this article

International Journal of Applied Logistics (IJAL) is currently edited by Lincoln C. Wood

More articles in International Journal of Applied Logistics (IJAL) from IGI Global
Bibliographic data for series maintained by Journal Editor ().