Economic resilience to transportation failure: a computable general equilibrium analysis

Zhenhua Chen () and Adam Rose
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Zhenhua Chen: The Ohio State University

Transportation, 2018, vol. 45, issue 4, No 2, 1009-1027

Abstract: Abstract This study develops and applies a multimodal computable general equilibrium (CGE) framework to investigate the role of resilience in the economic consequences of transportation system failures. Vulnerability and economic resilience of different modes of transportation infrastructure, including air, road, rail, water and local transit, are assessed using a CGE model that incorporates various resilience tactics including modal substitution, trip conservation, excess capacity, relocation/rerouting, and service recapture. The linkages between accessibility, vulnerability, and resilience are analyzed. The model is applied to the transportation system failures in the aftermath of Hurricane Katrina to illustrate its capabilities. The analytical framework, however, has broader applications and can provide insights for resource allocations to enhance emergent responses to unexpected events and to improve resilient design of transportation infrastructure systems.

Keywords: Transportation; System failure; Economic resilience; Accessibility; Computable general equilibrium (CGE) modeling; Hurricane Katrina (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/s11116-017-9819-6

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