Title
Linking Economic Model and Engineering Model: Application of Sequential Interindustry Model (SIM)
Document Type
Working Paper
Publication Date
2002
College/Unit
Regional Research Institute
Document Number
RESEARCH PAPER 2002-12
Department/Program/Center
Regional Research Institute
Abstract
A conventional approach to model the regional economic impacts of a catastrophic disaster has been to employ the results from an engineering model, such as lifeline network model, in an economic model, for example input-output framework or computable general equilibrium model. However, due to the differences in modeling scheme between economic and engineering models, this type of data feed creates problems regarding sensitivity and dynamics of the impacts. In this paper, Sequential Interindustry Model (SIM) is used to disaggregate the process of production chronology to become more sensitive to the changes/damages of economic activities under a disaster situation. SIM is particularly useful to simulate the dynamic processes of impact propagation and of structural changes after a catastrophic disaster. In this paper, the issues and applications of SIM are discussed with numerical examples.
Digital Commons Citation
Okuyama, Yasuhide and Lim, Hyunwoo, "Linking Economic Model and Engineering Model: Application of Sequential Interindustry Model (SIM)" (2002). Regional Research Institute Working Papers. 140.
https://researchrepository.wvu.edu/rri_pubs/140