Abstract
Destruction from natural and man-made disasters can result in extensive damage to the affected area's infrastructure. While the destruction results in costs that are necessary to restore the physical destruction and repair of existing infrastructure, a wider economic impact is often indirectly measured and felt. Policymakers generally focus only on losses that are directly caused by the destruction, such as the replacement of roads and bridges, yet tend to overlook the consequences from indirect economic losses. This study proposes a framework to estimate the indirect economic loss due to damaged bridges within the highway system of a major metropolitan area. for the research, a simulated earthquake within the St. Louis metropolitan region is selected as a case study. the computable general equilibrium (CGE) model is applied as the loss estimation tool for modeling the indirect cost. the study results show that the indirect loss is significant when compared to the direct loss and should therefore be considered by policymakers when making both pre- and post-disaster infrastructure decisions.
Recommended Citation
C. Tirasirichai and D. L. Enke, "Case Study: Applying a Regional Cge Model for Estimation of Indirect Economic Losses Due to Damaged Highway Bridges," Engineering Economist, vol. 52, no. 4, pp. 367 - 401, Taylor and Francis Group; Taylor and Francis, Oct 2007.
The definitive version is available at https://doi.org/10.1080/00137910701686996
Department(s)
Engineering Management and Systems Engineering
International Standard Serial Number (ISSN)
1547-2701; 0013-791X
Document Type
Article - Journal
Document Version
Citation
File Type
text
Language(s)
English
Rights
© 2024 Taylor and Francis Group; Taylor and Francis, All rights reserved.
Publication Date
01 Oct 2007
