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Evaluating the role of resilience in reducing economic losses from disasters: A multi-regional analysis of a seaport disruption |
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| Authors: | Dan Wei Zhenhua Chen Adam Rose |
| Affiliation: | 1. Sol Price School of Public Policy, Center for Risk and Economic Analysis of Terrorism Events, University of Southern California, 379C VKC, 3518 Trousdale Pkwy, Los Angeles, CA, 90089 USA;2. City and Regional Planning, Knowlton School of Architecture, The Ohio State University, 275 W Woodruff Ave, Columbus, OH, 43210 USA;3. Sol Price School of Public Policy, Center for Risk and Economic Analysis of Terrorism Events, University of Southern California, 1150 S. Olive St., Suite 1700, Los Angeles, CA, 90015 USA |
| Abstract: | Models to estimate economic impacts of disasters have recently been augmented to include resilience. However, most research has incorporated only a limited set of resilience tactics and has not estimated their individual loss reduction effect. We present a comprehensive framework for estimating the relative effects of a broad set of post-disaster resilience tactics. Our methodological innovation is illustrated by adapting the TERM multi-regional CGE model for a seaport disruption, distinguishing inherent resilience working through the price system from adaptive resilience and other inherent tactics to cope with input shortages. We also overcome a path-dependency problem in the modelling process. |
| Keywords: | computable general equilibrium analysis economic consequence analysis port disruptions resilience to disasters spatial reallocation of resources |