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A Web-Based Regional Economic Simulation Tool for U.S. Army Corps of Engineers’ Civil Works Programs
The U.S. Army Corps of Engineers (USACE) is one of the world’s largest public engineering, design, and construction management agencies. The major Civil Works (CW) mission areas include navigation, flood risk management, hydropower, ecosystem restoration, coastal storm damage reduction, hydropower, water supply and recreation. To capture the regional economic benefits of water infrastructure and programs, the USACE Institute for Water Resources (IWR) developed the Regional ECONomic System (RECONS). RECONS estimates short-term and long-term economic activity resulting from federal investments within CW mission areas. Estimates of economic activity are measured as industry output, employment, labor income and value added and are provided for three levels of geography: local, state, and national. This information supports federal investment decisions and stakeholder communication. USACE’s navigation mission alone services 41 states. USACE operates and maintains 25,000 miles of waterways and 236 lock chambers for commerce. Short-term economic activity is attributed to federal spending on infrastructures and operations and maintenance (e.g., spending to replace a lock) while long-term economic activity is supported by infrastructure users (e.g., lock utilization by shippers). RECONS facilitates widespread application of input-output (I-O) analysis through a user-friendly, web-based simulation tool customized for CW mission areas. RECONS enables users to conduct valid and consistent economic impact analyses without the degree of knowledge required by comprehensive I-O models. As a result, over 200 USACE economists have used RECONS to conduct hundreds of analyses each year. This paper describes RECONS’ capabilities and applications, and its implications for federal decision-making regarding investments in inland navigation infrastructure.
A Web-Based Regional Economic Simulation Tool for U.S. Army Corps of Engineers’ Civil Works Programs
The U.S. Army Corps of Engineers (USACE) is one of the world’s largest public engineering, design, and construction management agencies. The major Civil Works (CW) mission areas include navigation, flood risk management, hydropower, ecosystem restoration, coastal storm damage reduction, hydropower, water supply and recreation. To capture the regional economic benefits of water infrastructure and programs, the USACE Institute for Water Resources (IWR) developed the Regional ECONomic System (RECONS). RECONS estimates short-term and long-term economic activity resulting from federal investments within CW mission areas. Estimates of economic activity are measured as industry output, employment, labor income and value added and are provided for three levels of geography: local, state, and national. This information supports federal investment decisions and stakeholder communication. USACE’s navigation mission alone services 41 states. USACE operates and maintains 25,000 miles of waterways and 236 lock chambers for commerce. Short-term economic activity is attributed to federal spending on infrastructures and operations and maintenance (e.g., spending to replace a lock) while long-term economic activity is supported by infrastructure users (e.g., lock utilization by shippers). RECONS facilitates widespread application of input-output (I-O) analysis through a user-friendly, web-based simulation tool customized for CW mission areas. RECONS enables users to conduct valid and consistent economic impact analyses without the degree of knowledge required by comprehensive I-O models. As a result, over 200 USACE economists have used RECONS to conduct hundreds of analyses each year. This paper describes RECONS’ capabilities and applications, and its implications for federal decision-making regarding investments in inland navigation infrastructure.
A Web-Based Regional Economic Simulation Tool for U.S. Army Corps of Engineers’ Civil Works Programs
Lecture Notes in Civil Engineering
Li, Yun (Herausgeber:in) / Hu, Yaan (Herausgeber:in) / Rigo, Philippe (Herausgeber:in) / Lefler, Francisco Esteban (Herausgeber:in) / Zhao, Gensheng (Herausgeber:in) / Chang, Wen-Huei (Autor:in) / Abou-El-Seoud, Dena (Autor:in) / Knight, Kevin (Autor:in)
Smart Rivers ; 2022 ; Nanjing
26.02.2023
11 pages
Aufsatz/Kapitel (Buch)
Elektronische Ressource
Englisch
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