Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/93419
Authors: 
Cho, JoongKoo
Gordon, Peter
II, James E. Moore
Pan, Qisheng
Park, JiYoung
Richardson, Harry W.
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper 4601
Abstract: 
We describe a model that integrates a multi-regional input-output model of the U.S. (50 states and the District of Columbia) with the national highway network. Interstate 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 input-output equilibrium. We find economic and network equilibria that are consistent. The simulations show only moderate economic impacts. We ascribe this to the resilience of highway network. The model provides state-level detail on who bears the costs of the disruptions.
Subjects: 
multi-regional input-output model
highway network
interstate commodity shipments
highway infrastructure failure
JEL: 
R11
R12
R13
R15
R40
R41
R49
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.