Download PDF by Harry W. Richardson, Qisheng Pan, JiYoung Park, James E.: Regional Economic Impacts of Terrorist Attacks, Natural

By Harry W. Richardson, Qisheng Pan, JiYoung Park, James E. Moore II

This ebook offers a multiregional input-output version for the metropolitan quarter of Southern California, which is helping to estimate the industrial effect of simulated terrorist assaults on seaports, shops and so on. in addition to of ordinary failures corresponding to earthquakes and tsunamis. The authors additionally study the commercial and social results of metropolitan guidelines resembling development controls, local gentrification or road-congestion fees. The version offered within the e-book has developed over a interval of 25 years and calls for a truly huge computing device capacity.

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In similar theoretical models developed for consumers, consumers maximize their utility by determining how much they consume on different types of goods, subject to budget constraints. The computational form of Johansen’s general equilibrium model has 86 linear equations with 86 endogenous variables and 46 exogenous variables. The model intends to simulate a market economy, in which quantities and prices of all market sectors adjust to equate demand and supply. It is solved in a sequence of linear equations.

2001) for a more detailed summary of an earlier version of this model]. SCPM2 incorporates a transportation network model with gravity models to allocate indirect and induced impacts generated by the input–output model to the TAZs. When traffic flows are endogenous, any change in economic activity that 30 Q. W. Richardson Fig. 1 SCPM2 flow chart affects the travel behavior of individuals or the movement of freight will influence how the transportation network is used, and these impacts will work themselves out with changes from one network equilibrium to another.

1 SCPM1 The original Southern California Planning Model (SCPM1), a regional input– output model that reports results in considerable spatial detail was initially developed by Gordon, Richardson and their colleagues (Richardson et al. 1993; Gordon et al. 1998). This model addressed the problem of spatial economic impact analysis within the five-county area (Los Angeles, Orange, Ventura, San Bernardino and Riverside) of the Los Angeles CMSA (Consolidated Metropolitan Statistical Area), and has been widely applied and steadily updated over the years as new and revised data sources became available.

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