Armbruster, Ginger; Endicott-Popousky, Barbara; Whittington, Jan. (2012). Are We Prepared for the Economic Risk Resulting from Telecom Hotel Disruptions? International Journal Of Critical Infrastructure Protection, 5(2), 55 – 65.
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Abstract
Large and small businesses in Seattle, Washington, as in most urban centers across the United States, increasingly rely on telecom hotels and related telecommunications centers to conduct business operations. What would be the economic impact to these businesses if a natural or man-made disaster were to make this infrastructure unavailable for a significant period of time? How long would it take for the owners of small businesses, which provide the foundation for economic recovery, to give up and move away? Are metropolitan regions prepared for this risk? This paper draws on publicly available reports of telecom hotel investments to examine the economic risks that such telecommunications hubs pose at the regional scale. New York City and Seattle are two urban areas that depend on key investments in telecom hotels. In the Pacific Northwest, these assets are located downtown, primarily in the center of the urban real estate market of Seattle. Although the terrorist attacks of September 11, 2001 were directed at the World Trade Center in Lower Manhattan, collateral damage to a major telecommunications hub brought outages during and after the attacks that highlighted the serious risk posed to small- and mid-sized businesses from disruptions in telecommunications service. The Seattle case study illustrates the potential to learn from the experience in Lower Manhattan and apply this knowledge across the United States. Regional economic analysis of the benefits of and the means to protect small- and mid-sized businesses can provide the basis for strategic investments that minimize economic loss and reduce the recovery time. (C) 2012 Elsevier B.V. All rights reserved.
Keywords
Telecommunications Hubs; Telecom Hotels; Business Continuity; Risk
Choi, Kunhee; Lee, Hyun Woo; Bae, Junseo; Bilbo, David. (2016). Time-Cost Performance Effect of Change Orders from Accelerated Contract Provisions. Journal Of Construction Engineering And Management, 142(3).
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Abstract
Accelerated contract provisions (ACPs) such as cost-plus-time (A+B) and incentives/disincentives (I/D) are increasingly common, yet very little is known about their pure time-cost performance effects on change orders. To fill this large knowledge gap, a two-stage research methodology drawing on 1,372 highway improvement projects completed in California was adopted for this study. The Stage I study investigated the marginal change-order impacts of two ACPs, pure A+B and I/D combined with A+B. How ACP change orders affect projects' time-cost performance was numerically modeled and successfully validated over the Stage II study. The results clearly showed that both ACPs led to more schedule-change and cost-change orders than conventionally contracted projects, whereas I/D combined with A+B performed significantly better than pure A+B in terms of the magnitude of schedule-change orders. This conveys an important recommendation to state transportation agencies (STAs) that A+B be used with an I/D provision. The results and numerical models of this study would help STAs better assess and justify the impact of change orders on the duration and cost of projects, enabling them to more effectively use contingency amounts. Use of the models can also benefit contractors requesting a change order because the models can provide them with advanced knowledge of the probable time-cost growth rates specifically for the pursued ACP. (C) 2015 American Society of Civil Engineers.
Keywords
Construction Industry; Contracts; Costing; Incentive Schemes; Numerical Analysis; Order Processing; Performance Evaluation; Roads; Scheduling; Time Management; Transportation; Projects Time-cost Performance Effect; Cost-change Order; Accelerated Contract Provision; Knowledge Gap; California; Acp; Schedule-change Order; State Transportation Agency; Numerical Model; Sta; Incentive; Highway Improvement Project; Labor Productivity; Construction; Impact; Model; Projects; Change Order; Highway Rehabilitation; Decision Modeling; Regression; Validation; Contracting
Lin, Xiongbin; Maclachlan, Ian; Ren, Ting; Sun, Feiyang. (2019). Quantifying Economic Effects of Transportation Investment Considering Spatiotemporal Heterogeneity in China: A Spatial Panel Data Model Perspective. The Annals Of Regional Science, 63(3), 437 – 459.
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Abstract
Transportation investment plays a significant role in promoting economic development. However, in what scenario and to what extent transportation investment can stimulate economic growth still remains debatable. For developing countries undergoing rapid urbanization, answering these questions is necessary for evaluating proposals and determining investment plans, especially considering the heterogeneity of spatiotemporal conditions. Current literature lacks systematical research to consider the impacts of panel data and spatial correlation issue in examining the economic effects of transportation investment. To fill this gap, this study collects provincial panel data in China from 1997 to 2015 to evaluate multi-level temporal and spatial effects of transportation investment on economic growth by using spatial panel data analysis. Results show that transportation investment leads to significant and positive effects on growth and spatial concentration of economic activities, but these results vary significantly depending on the temporal and spatial characteristics of each province. The economic impacts of transportation investment are quite positive even considering the time lag effects. This study suggests that both central and local governments should carefully evaluate the multifaceted economic effects of transportation investment, such as a balanced transportation investment and economic development between growing and lagging regions, and considering the spatiotemporal heterogeneity of the economic environment.
Keywords
High-speed Rail; Infrastructure Investment; Causal Relationship; Empirical-analysis; Growth; Impact; Productivity; Efficiency; Spillover; Agglomeration; C33; R40; R58; Spatial Analysis; Time Lag; Urbanization; Transportation; Heterogeneity; Economic Growth; Economic Models; Economic Impact; Data Analysis; Spatial Data; Panel Data; Economic Development; Developing Countries--ldcs; Investments; Economic Analysis; Investment; Local Government; China
Acolin, Arthur; Ramiller, Alex; Walter, Rebecca J; Thompson, Samantha; Wang, Ruoniu. (2021). Transitioning to Homeownership: Asset Building for Low- and Moderate-Income Households. Housing Policy Debate, 31(6), 1032 – 1049.
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Abstract
This article assesses the asset building of households that take part in shared-equity homeownership (SEH) models. The contribution of this article is a comparison of outcomes for households participating in shared-equity programs with other low- and moderate-income households who rent or own properties without restrictions on appreciation. We matched participants in SEH programs to households with similar characteristics from the Panel Study of Income Dynamics (PSID) over the 1997-2017 period. The findings indicate that in real terms, median SEH homeowners accumulated about $1,700 in housing wealth annually or around $10,000 during their holding period. This amount is lower than the $2,100 median annual gain in home equity experienced by similar PSID owners but statistically and economically significantly larger than the $16 in annual gain experienced by similar PSID renters. The findings provide evidence that households participating in SEH programs experienced positive, but modest, wealth gains that were slightly lower than those of homeowners in unrestricted units but substantially higher than those of renters.
Keywords
Appreciation; Households; Property; Wealth; Income; Housing; Dynamic Tests; Home Ownership; Assets; Tenants; Equity; Owners
Rehm, Colin D.; Moudon, Anne V.; Hurvitz, Philip M.; Drewnowski, Adam. (2012). Residential Property Values are Associated with Obesity among Women in King County, WA, USA. Social Science & Medicine, 75(3), 491 – 495.
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Abstract
Studies of social determinants of weight and health in the US have typically relied on self-reported education and incomes as the two primary measures of socioeconomic status (SES). The assessed value of one's home, an important component of wealth, may be a better measure of the underlying SES construct and a better predictor of obesity. The Seattle Obesity Study (SOS), conducted in 2008-9, was a cross-sectional random digit dial telephone survey of 2001 adults in King County, Washington State, US. Participants' addresses were geocoded and residential property values for each tax parcel were obtained from the county tax assessor's database. Prevalence ratios of obesity by property values, education, and household income were estimated separately for women and men, after adjusting for age, race/ethnicity, household size, employment status and home ownership. Among women, the inverse association between property values and obesity was very strong and independent of other SES factors. Women in the bottom quartile of property values were 3.4 times more likely to be obese than women in the top quartile. No association between property values and obesity was observed for men. The present data strengthen the evidence for a social gradient in obesity among women. Property values may represent a novel and objective measure of SES at the individual level in the US. Measures based on tax assessment data will provide a valuable resource for future health studies. (C) 2012 Elsevier Ltd. All rights reserved.
Keywords
Communities; Employment; Income; Obesity; Poisson Distribution; Probability Theory; Research Funding; Self-evaluation; Sex Distribution; Social Classes; Statistics; Surveys; Data Analysis; Educational Attainment; Cross-sectional Method; Data Analysis Software; Descriptive Statistics; Washington (state); Health Status Disparities; Health Surveys; Social Class; Socioeconomic Factors; Usa; Women; Body-mass Index; Socioeconomic-status; Aged Men; Health; Weight; Disparities; Overweight; Disease; Poverty; Height
Choi, Kunhee; Lee, Hyun Woo; Mao, Zhuting; Lavy, Sarel; Ryoo, Boong Yeol. (2016). Environmental, Economic, and Social Implications of Highway Concrete Rehabilitation Alternatives. Journal Of Construction Engineering And Management, 142(2).
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Abstract
Currently, there is no comprehensive benchmark of life-cycle assessment for the rigid pavement alternatives for highway rehabilitation. To fill this gap, the major objective of this study is to investigate the environmental, economic, and social impacts of the three most widely adopted rigid pavement choices through a life-cycle assessment approach with custom-built economic input-output life-cycle assessment (EIO-LCA) models. Quantity takeoffs were performed for each alternative assuming a 1-lane-km highway rehabilitation. Subsequently, the construction costs of each alternative were computed in order to determine the present values for a life span of 50years, while at the same time accounting for a different life expectancy for each pavement rehabilitation strategy. The present values were then incorporated into a corresponding EIO-LCA model. The results clearly indicate that continuously reinforced concrete pavement (CRCP) is the most sustainable choice and much preferable to the other alternatives for minimizing negative environmental, economic and social impacts from the life-cycle perspective. This finding champions a wider adoption of CRCP for future sustainable transportation infrastructure development projects, as CRCP's relatively high initial construction cost can be recouped by long-term sustained benefits. The results and findings of this study can serve as a solid foundation for industry practitioners and decision-makers to make better-informed project decisions when choosing the most sustainable pavement alternatives from a life-cycle perspective. (C) 2015 American Society of Civil Engineers.
Keywords
Construction Industry; Environmental Management; Life Cycle Costing; Product Life Cycle Management; Project Management; Reinforced Concrete; Road Building; Socio-economic Effects; Sustainable Development; Economic Implications; Environmental Implications; Industry Practitioners; Sustainable Transportation Infrastructure Development Projects; Continuously Reinforced Concrete Pavement; Crcp; Eio-lca Model; Life Span; Construction Costs; Custom-built Economic Input-output Life-cycle Assessment Models; Rigid Pavement Alternatives; Highway Concrete Rehabilitation Alternatives; Life-cycle Assessment Approach; Social Implications; Life-cycle Assessment; Pavement; Asphalt; Pavement Rehabilitation; Environmental Assessment; Economic Factors; Land Use
Moudon, Anne Vernez. (2019). Framing the Question: Is Shrinking Good or Bad? Journal Of Urban Design, 24(1), 66 – 68.
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Keywords
Urban Planning; Unemployment; Cost Of Living; Balance Of Trade; Medical Care; Economic Development; Demography; Decision Making; Framing
Aziz, Ahmed M. Abdel. (2021). The Practice of Roadway Safety Management in Public-Private Partnerships. Journal Of Construction Engineering And Management, 147(12).
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Abstract
As a matter of course, the private party in public-private partnerships (PPPs) assumes the responsibility for roadway safety management (RSM). However, because most PPPs are performance-based, public highway agencies must articulate the specifications and methods they develop to enforce RSM practices. Despite the increased interest in PPPs in recent decades, little has been published on developing and propagating the RSM practices used with this delivery system. To fill this research gap and explore RSM practices in PPPs, this work took a synthesis research approach, using content analysis to critically review and analyze 16 PPP agreements in seven states and provinces leading in PPP contracting in North America. The study discovered several methods and organized them under five mechanisms: Mechanism 1, integrating roadway safety into project performance specifications and initiating new tools such as safety compliance orders; Mechanism 2, imposing nonconformance monetary deductions based on point and classification systems; Mechanism 3, regulating safety payments on the basis of crash statistics; Mechanism 4, promoting safety initiative programs; and Mechanism 5, enforcing administrative countermeasures such as work suspension and default/termination triggers for persistent developer noncompliance. Mechanisms 1 and 5 were the default mechanisms in all toll- and availability-based projects, whereas Mechanism 2 was common in availability-only projects. The research reviewed the RSM packages in the PPP agreements, elucidating the particulars of the RSM mechanisms, highlighting RSM design considerations, presenting implementation guidelines, and articulating research needs. The research results were validated against PPP highways in five other states and provinces. This synthesis research provides highway agencies with an extensive practice review to support RSM package design for future PPP projects.
Keywords
Qualitative Research; Incentives; Public-private Partnerships (ppps); Performance Specifications; Roadway Safety; Payment Mechanisms; Availability Payment; Highways
Sohn, Dong Wook; Moudon, Anne Vernez; Lee, Jeasun. (2012). The Economic Value of Walkable Neighborhoods. Urban Design International, 17(2), 115 – 128.
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Abstract
This study investigated how the benefits of a walkable neighborhood were reflected in the American real estate market by examining the economic values of urban environmental factors supporting walking activities. Property values were used as a proxy measure for economic value and analyzed in relation to land use characteristics that have been known to correlate with walking at the neighborhood scale. Four aspects of the built environment supporting walking were included in the analyses: development density, land use mix, public open space and pedestrian infrastructure. Hedonic models were employed where the property value was regressed on the measures of the four sets of correlates of walking in a neighborhood. Models were estimated for four land use types - single-family residential, rental multi-family residential, commercial and office. The findings did not support previous arguments that increasing density weakens the quality of a neighborhood. To the contrary, the positive association of higher development density with the value of single-family residential properties detected in King County suggested that high development density might increase surrounding property values. The pedestrian infrastructure and land use mix significantly contributed to increases in rental multi-family residential property values. Higher development density with higher street and sidewalk coverage were also favored by retail service uses. In relation to land use mix, mixing retail service uses and rental multi-family residential uses helped make rental housings more attractive. URBAN DESIGN International (2012) 17, 115-128. doi:10.1057/udi.2012.1; published online 4 April 2012
Keywords
Land-use; Physical-activity; Travel Behavior; Smart Growth; Mode Choice; Urban Form; Walking; Gis; Transportation; Accessibility; Mixed Land Use; Neighborhood; Urban Design
Sun, Feiyang; Mansury, Yuri S. (2016). Economic Impact of High-Speed Rail on Household Income in China. Transportation Research Record, 2581, 71 – 78.
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Abstract
Although developed only in the past 20 years, Chinese high-speed rail (HSR) has overtaken many of its forerunners in its unprecedented scale. However, such a scale raises questions about its implications for regional economic development. Previous studies have discussed the impact of HSR at the regional and city levels, but few have addressed its impact on the individual level, which is crucial for understanding the distribution of the impact. To fill the gap, this study focused on the economic impact of recent HSR development between 2009 and 2012 on Chinese household income and discussed its significance, magnitude, and distribution. The survey data from the China Family Panel Survey were used and a difference-in-differences approach was implemented. Two key explanatory variables, weighted average travel time and probability of living proximate to HSR stations, were included in the models to examine the direct and spillover impacts of HSR. The study shows that these impacts both contribute to the HSR impact but affect urban and rural regions and production sectors differently. In particular, the spillover effect or the agglomeration effect contributes the most and favors more urbanized regions with stronger service sectors. As a consequence, although HSR plays a positive role in stimulating the regional economy, it may further widen the gap between developed regions and underdeveloped regions. From the analyses, it is concluded that HSR projects need more comprehensive studies of the full spectrum of its impact to ensure both economic growth and regional balance and coordination.