October 2008 to September 2009
We have continued our current program of research, which involves applying spatially disaggregate economic models to estimate the losses following various hypothetical terrorist attacks. Towards this end, we have developed and tested the National Interstate Economic Model (NIEMO), the only operational multi-regional input-output model of the 50 states and the District of Columbia (DC). In addition, the group has invested considerable attention in identifying meaningful, computationally tractable means of representing the details of the national economy in a way that articulates with the national highway network, and spent the past year operationalizing the following applications and extensions.
- TransNIEMO is the first operational model to combine representations of economic and highway network equilibria.
- FlexNIEMO is an approach that tests the stability of economic multipliers, including intra- and interstate effects.