Policies to mitigate natural hazards and terrorism are facing increasing scrutiny, such as the benefit-cost test. The benefits are the losses that can be avoided by the mitigation actions. For sound policy-making, it is therefore... more
Policies to mitigate natural hazards and terrorism are facing increasing scrutiny, such as the benefit-cost test. The benefits are the losses that can be avoided by the mitigation actions. For sound policy-making, it is therefore necessary that the various types of losses and major factors af-fecting them be identified and that metrics be established for their measurement in accordance with economic principles. This paper presents a comprehensive framework for the analysis and mea-surement of ordinary economic impacts and two categories of impacts that have recently gained the attention of analysts and policy makers, but for which operational definitions are lacking. The first is resilience, which refers to how the economy manages to keep functioning and how quickly it recovers. The second major extension of loss estimation pertains to behavioral and systems linkages. These refer to considerations unique to disasters that cause indirect impacts to be orders of magnitude greater than...
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Economic resilience is a prerequisite for sustainability. If cities cannot cope with short-run natural and man-made disasters, they will not thrive in the long run. This presentation will explain the role of economic resilience in the... more
Economic resilience is a prerequisite for sustainability. If cities cannot cope with short-run natural and man-made disasters, they will not thrive in the long run. This presentation will explain the role of economic resilience in the survival of cities and how experience with disasters can be transformed into actions that promote sustainability. I begin with a discussion of features of cities that make them both vulnerable and resilient. I then define economic resilience and offer an operational metric. Next I discuss individual tactics to implement it at the micro, meso, and macroeconomic levels. Then I summarize studies of the relative effectiveness of resilience tactics and their costs. I conclude with a discussion of broader strategies to make cities more resilient in the short-run and emphasize the importance of translating them into adaptations for the long-run. A key strategy is to translate ingenuity in coping with disasters into decisions and practices that continuously promote sustainability.
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Economic Consequences of Terrorism (3 Integrated Proposals) Project Technical Description: This project will continue to enhance, broaden and transition the CREATE Economic Consequence Analysis Framework. I will continue to coordinate and... more
Economic Consequences of Terrorism (3 Integrated Proposals) Project Technical Description: This project will continue to enhance, broaden and transition the CREATE Economic Consequence Analysis Framework. I will continue to coordinate and perform research on integrating behavioral considerations and resilience into economic models of an economy impacted by a terrorist attack, and to maintain and upgrade CREATE’s suite of economic consequence analysis models. I will place a greater emphasis on transforming CREATE’s sophisticated/high performance computing CGE models to “reduced form ” regression equations that can readily be used in-house by DHS staff. Also, I will begin a major thrust area on Enterprise Risk Management.
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. This paper presents a set of Miyazawa interrelational multipliers, which measure how direct changes in the income of each income bracket result in indirect and induced income changes in all other brackets. The multipliers have been... more
. This paper presents a set of Miyazawa interrelational multipliers, which measure how direct changes in the income of each income bracket result in indirect and induced income changes in all other brackets. The multipliers have been calculated for a 9-by-9 pairing of income brackets for West Virginia in 1982. Their estimation is based on a combination of survey and nonsurvey data in three forms: a 1982 West Virginia input-output table, a multisector income-distribution matrix, and an income disaggregated consumption matrix. The paper illustrates the usefulness of the multipliers by showing how they provide insight into the viability of trickle-down theory and the incidence of regional development policy.
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... developed. Insights into its formulation with respect to specification of objective functions, constraints and parameter values was obtained from related work withBill Burns and Garrett Asay on the perception of terrorist risk. Year ...
Several threats to the United States may raise the consideration of a partial or complete shutdown of our borders to people and goods. Such threats would include a coordinated terrorist attack or an influenza outbreak, and could last... more
Several threats to the United States may raise the consideration of a partial or complete shutdown of our borders to people and goods. Such threats would include a coordinated terrorist attack or an influenza outbreak, and could last anywhere from just a few days to ...
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... The Regional Economic Models, Inc., Policy Insight Plus (REMI PI+) Model is used to undertake the analysis in conjunction with a Multi-Sector Income Distribution Matrix (MSIDM) developed by the authors. ... Section VI provides a... more
... The Regional Economic Models, Inc., Policy Insight Plus (REMI PI+) Model is used to undertake the analysis in conjunction with a Multi-Sector Income Distribution Matrix (MSIDM) developed by the authors. ... Section VI provides a summary. II. REMI Model Analysis ...
ABSTRACT. This paper addresses the issue of the plausibility of the supply-driven input-output model from an empirical standpoint. We suggest that requiring production coefficients to remain perfectly fixed during an application of the... more
ABSTRACT. This paper addresses the issue of the plausibility of the supply-driven input-output model from an empirical standpoint. We suggest that requiring production coefficients to remain perfectly fixed during an application of the supply-driven input-output model is ...
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In recent years conservation received a great deal of attention from energy managers at all levels. Some conservation measures were undertaken voluntarily because they were profitable. Others were adopted to comply with regulations, many... more
In recent years conservation received a great deal of attention from energy managers at all levels. Some conservation measures were undertaken voluntarily because they were profitable. Others were adopted to comply with regulations, many of which were intended to reduce social costs of energy production and delivery. The 1970s have been characterized as the era of natural gas shortages, and conservation represented one of many reasonable alternatives for utilities confronted by potential and actual excess demand.
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During the past five years, the world has witnessed some unprecedented disasters in terms of type and extent of devastation, including the World Trade Center attacks, Asian Tsunami, and Hurricane Katrina. Policymakers rushed to assure the... more
During the past five years, the world has witnessed some unprecedented disasters in terms of type and extent of devastation, including the World Trade Center attacks, Asian Tsunami, and Hurricane Katrina. Policymakers rushed to assure the citizenry of remedial actions to ...
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Etude des perspectives de l'economie charbonniere americaine, dans les vingt-cinq prochaines annees, en fonction des previsions de la demande et des efforts de recherche et developpement pour mettre au point des technologies «propres»... more
Etude des perspectives de l'economie charbonniere americaine, dans les vingt-cinq prochaines annees, en fonction des previsions de la demande et des efforts de recherche et developpement pour mettre au point des technologies «propres» de preparation, traitement et utilisation du charbon