Economic Resilience to Transportation Failure: A Computable General Equilibrium Analysis

18 Pages Posted: 19 Jul 2016

See all articles by Zhenhua Chen

Zhenhua Chen

The Ohio State University-City and Regional Planning

Adam Rose

University of Southern California - Sol Price School of Public Policy

Date Written: July 16, 2016

Abstract

This study develops and applies a multimodal Computable General Equilibrium (CGE) framework to investigate the role of resilience in the economic consequence of transportation system failure. Vulnerability and economic resilience of different modes of transportation infrastructures, including air, road, rail, water and local transit, are assessed and compared 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 and 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

JEL Classification: C68, D04, D58, Q54

Suggested Citation

Chen, Zhenhua and Rose, Adam, Economic Resilience to Transportation Failure: A Computable General Equilibrium Analysis (July 16, 2016). Available at SSRN: https://ssrn.com/abstract=2810545 or http://dx.doi.org/10.2139/ssrn.2810545

Zhenhua Chen (Contact Author)

The Ohio State University-City and Regional Planning ( email )

275 West Woodruff Avenue
Columbus, OH 43210-1138
United States

HOME PAGE: http://u.osu.edu/chen.7172/

Adam Rose

University of Southern California - Sol Price School of Public Policy ( email )

Los Angeles, CA 90089-0626
United States

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