Document Type
Working Paper
Publication Date
2002
College/Unit
Regional Research Institute
Document Number
RESEARCH PAPER 2002-11
Department/Program/Center
Regional Research Institute
Abstract
Regional economic models have been challenged to incorporate with structural changes in the economy. Especially, when a structural change is sudden, unpredictable, yet extensive, such as damages from a natural disaster, conventional models can hardly confront such significant changes due to their assumption of incremental changes. Sequential Interindustry Model (SIM) is an extension of the input-output framework that enables to trace the production process and the path of the impacts. SIM is particularly useful to simulate the dynamic process of impact propagation and of structural changes after a catastrophic disaster. In this paper, the issues and extensions of SIM are discussed with numerical examples.
Digital Commons Citation
Okuyama, Yasuhide; Hewings, Geoffrey; and Sonis, Michael, "Economic Impacts of Unscheduled Events: Sequential Interindustry Model (SIM) Approach" (2002). Regional Research Institute Working Papers. 139.
https://researchrepository.wvu.edu/rri_pubs/139