@article{ref1,
title="Does resilience yield dividends? Co-benefits of investing in increased resilience in Cedar Rapids",
journal="Econ Syst Res",
year="2020",
author="Fung, Juan F. and Helgeson, Jennifer F. and Webb, David H. and O'Fallon, Cheyney M. and Cutler, Harvey",
volume="32",
number="",
pages="e1798359-e1798359",
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.<p /> <p>Language: en</p>",
language="en",
issn="1469-5758",
doi="10.1080/09535314.2020.1798359",
url="http://dx.doi.org/10.1080/09535314.2020.1798359"
}