Economic Impact Modeling and Analysis with Input-Output Models

Principal Investigator: 
Performance Period: 
April 2006 to September 2007
Commercialization Status: 
N/A
Abstract: 
Quantifying the economic impacts associated with various plausible terrorist attacks is the first task when assessing the costs and benefits of various programs of mitigation. These impacts should be identified at a spatially disaggregated level.  There are three reasons for this.  First, spatial aggregation obscures important details.  Second, much political decision-making in a federal system is decentralized, and outcomes affecting local populations must be compared.  And third, effective decision support for resource will eventually require computationally efficient means of modeling alternative system states so that the policy space can be searched and choices made. Our research efforts have focused on developing models that estimate such impacts.  We have also identified relevant scenarios to test our models.