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Does resilience yield dividends? Co-benefits of investing in increased resilience in Cedar Rapids.


ABSTRACT: Cedar Rapids, IA, offers a unique case study in planning for increased resilience. In 2008, Cedar Rapids experienced severe flooding. Rather than simply rebuilding, the city of Cedar Rapids began to invest in a resilient flood control system and in the revitalization of its Downtown neighborhood. This paper develops a Computable General Equilibrium (CGE) model for the regional economy of Cedar Rapids to quantify 'resilience dividends': net co-benefits of investing in increased resilience. A resilience dividend includes benefits to the community even if another disaster does not occur. We build a CGE model of Cedar Rapids at two different time periods: one in 2007, before the flooding, and one in 2015, after the flooding and initial investment in resilience. We show that a positive economic shock to the economy results in larger co-benefits for key economic indicators in 2015 than in 2007. Our approach illustrates how co-benefits are distributed throughout the economy.

SUBMITTER: Fung JF 

PROVIDER: S-EPMC7856923 | biostudies-literature | 2020

REPOSITORIES: biostudies-literature

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Does resilience yield dividends? Co-benefits of investing in increased resilience in Cedar Rapids.

Fung Juan F JF   Helgeson Jennifer F JF   Webb David H DH   O'Fallon Cheyney M CM   Cutler Harvey H  

Economic systems research : journal of the International Input-Output Association 20200101


Cedar Rapids, IA, offers a unique case study in planning for increased resilience. In 2008, Cedar Rapids experienced severe flooding. Rather than simply rebuilding, the city of Cedar Rapids began to invest in a resilient flood control system and in the revitalization of its Downtown neighborhood. This paper develops a Computable General Equilibrium (CGE) model for the regional economy of Cedar Rapids to quantify 'resilience dividends': net co-benefits of investing in increased resilience. A resi  ...[more]

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