European Regional Science Association
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European Regional Science Association
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The abstract for paper number 439:
Kieran P. Donaghy, Regional Economics Applications Laboratory at the University of Illinois at Urbana-Champaign, Urbana-Champaign, USA, Geoffrey Hewings, Prof., Urbana, Illinois, USA, Nazmiye Balta, Jose Fernando Vial, Regional Economics Applications Laboratory at the University of Illinois at Urbana-Champaign, Urbana-Champaign, USA
Preliminary Investigation of the Interdependence of Regional Economies, Transportation Networks, and Power Grids
This paper reports on a preliminary study in which a sectorally disaggregated model of a regional economy is linked with models of a multi-modal transportation network and a regional network of power generation and distribution. The linked modeling framework characterizes evolving systems of production and distribution, network failures, uncertainty, and risk, and is employed in optimization exercises whose solutions yield crucial policy information.
We will employ the linked modeling framework to study 1) the spatially hierarchical nature of linkages between networks, 2) what reciprocal demands a regional economy and critical networked systems of transportation and power place upon each other, hence where bottlenecks are likely to form, 3) how trustworthiness in such a configuration can be modeled and measured, 4) how trustworthiness of interdependent systems can be increased, and 5) what are better ways to set up and solve linked network models so as to give prominence to notions of greatest analytical importance.
Unfortunately full paper has not been submitted.