Multi-modal, multi-output, multiregional variable input-output model

Abstract A multi-modal, multi-output, multiregional variable input-output (MMMVIO) model is introduced to evaluate the economic impact of a transportation system. The MMVIO model differs from the conventional input-output models by being price and cost sensitive. The regional technical coefficients, trade coefficients, modal choice of shipment, input mix and output composition are determined by the price and cost variables, a property not shared by the conventional input-output models. The transportation system reduces shipping cost of delivering commodities between regions, thereby stimulating economy of trading regions. The MMMVIO model captures the development impact incident to the transportation system.