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The Economic Impacts of Natural Disasters

The Economic Impacts of Natural Disasters
A Book

by Debarati Guha-Sapir,Indhira Santos,Alexandre Borde, Managing Editor

  • Publisher : Oxford University Press
  • Release : 2013-05-02
  • Pages : 344
  • ISBN : 0199339805
  • Language : En, Es, Fr & De
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Since the turn of the millennium, more than one million people have been killed and 2.3 billion others have been directly affected by natural disasters around the world. In cases like the 2010 Haiti earthquake or the 2004 Indian Ocean tsunami, these disasters have time and time again wrecked large populations and national infrastructures. While recognizing that improved rescue, evacuation, and disease control are crucial to reducing the effects of natural disasters, in the final analysis, poverty remains the main risk factor determining the long-term impact of natural hazards. Furthermore, natural disasters have themselves a tremendous impact on the poorest of the poor, who are often ill-prepared to deal with natural hazards and for whom a hurricane, an earthquake, or a drought can mean a permanent submersion in poverty. The Economic Impacts of Natural Disasters focuses on these concerns for poverty and vulnerability. Written by a collection of esteemed scholars in disaster management and sustainable development, the report provides an overview of the general trends in natural disasters and their effects by focusing on a critical analysis of different methodologies used to assess the economic impact of natural disasters. Economic Impacts presents six national case studies (Bangladesh, Vietnam, India, Nicaragua, Japan and the Netherlands) and shows how household surveys and country-level macroeconomic data can analyze and quantify the economic impact of disasters. The researchers within Economic Impacts have created path-breaking work and have opened new avenues for thinking and debate to push forward the frontiers of knowledge on economics of natural disasters.

Economic Effects of Natural Disasters

Economic Effects of Natural Disasters
Theoretical Foundations, Methods, and Tools

by Taha Chaiechi

  • Publisher : Academic Press
  • Release : 2020-10-21
  • Pages : 664
  • ISBN : 0128174668
  • Language : En, Es, Fr & De
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Economic Effects of Natural Disasters explores how natural disasters affect sources of economic growth and development. Using theoretical econometrics and real-world data, and drawing on advances in climate change economics, the book shows scholars and researchers how to use various research methods and techniques to investigate and respond to natural disasters. No other book presents empirical frameworks for the evaluation of the quality of macroeconomic research practice with a focus on climate change and natural disasters. Because many of these subjects are so large, different regions of the world use different approaches, hence this resource presents tailored economic applications and evidence. Connects economic theories and empirical work in climate change to natural disaster research Shows how advances in climate change and natural disaster research can be implemented in micro- and macroeconomic simulation models Addresses structural changes in countries afflicted by climate change and natural disasters

Economics of Natural Disasters and Climate Change

Economics of Natural Disasters and Climate Change
Macroeconomic Aspects and Structural Effects

by Derya Dogan

  • Publisher : GRIN Verlag
  • Release : 2013-01-31
  • Pages : 103
  • ISBN : 3656363560
  • Language : En, Es, Fr & De
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Master's Thesis from the year 2012 in the subject Economics - Macro-economics, general, grade: 1,3, University of Wuppertal (Schumpeter School of Business and economics), course: VWL, Makroökonomie, language: English, abstract: During past centuries, natural disasters occurred more often in our environment and caused more serious damage worldwide. The Hurricane Irene in the Caribbean and the USA, the floods in Australia, the earthquake in New Zealand and especially in Japan in 2011 had enormous extends concerning the caused loss and damages in the specific regions. Within the past four decades, the frequency of large natural disasters raised three times more. Furthermore, the economic losses - after adjusting for inflation – increased even eight times more compared to the past decades. This also has a great impact on the insurance industry, since the insured losses increase even in a larger amount compared to other factors affected by natural disasters. However, the insurance industry uses in spite of these unfavorable loss trends, a wide range of coverage against disasters such as Cat Bonds to transfer the disaster risk, and to avoid unnecessary expenses. Climate change also plays a big role in the frequently occurring amount of disasters. Since it is still hard to estimate the impacts of future climate changes for the frequency and intensity of natural disasters with its huge losses, new policies such as Green Growth have been introduced for mitigation effects. The purpose of this thesis is to represent and describe the economics of natural disasters due to climate change with its macroeconomic aspects and structural effects. While demonstrating the impacts on natural disasters to a region’s economy, it is important to know that many other factors are linked with natural disasters that have an effect on a region’s economy. Therefore, after defining the important terms in the first section of this thesis, the scope and costs of natural disasters will be illustrated in chapter 2 for a better demonstration of the disaster events impacts in general. This will start by describing the reasons for climate change to demonstrate in the latter the increasing number of disaster appearances due to the effects of climate change. Different regions will be considered within this analysis, whereas in the following sections only the regions which are economically vulnerable to natural disasters will be taken into account to illustrate the costs of natural disasters........

Methodologies for Estimating the Economic Impacts of Natural Disasters

Methodologies for Estimating the Economic Impacts of Natural Disasters
A Book

by Hirokazu Tatano,Yoshio Kajitani

  • Publisher : Springer
  • Release : 2021-11-20
  • Pages : 99
  • ISBN : 9789811627187
  • Language : En, Es, Fr & De
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This book outlines methodologies to estimate the economic impacts of natural disasters based on business surveys conducted after large disasters in Japan. By including numerous observations on business activities in past disasters and the validations of both engineering and economic models based on these data sets, this book appeals to practitioners who estimate the regional economic impacts as well as to students and young professionals in various fields who conduct disaster impact studies. The book consists of 7 chapters and includes theories and practices, which help readers to interlink the estimation methods with real-world problems. The study primarily focuses on cases in Japan, but the methods employed can be generalized and applied in other countries.

The Economic Impact of Natural Disasters in Pacific Island Countries: Adaptation and Preparedness

The Economic Impact of Natural Disasters in Pacific Island Countries: Adaptation and Preparedness
A Book

by Dongyeol Lee,Huan Zhang,Chau Nguyen

  • Publisher : International Monetary Fund
  • Release : 2018-05-10
  • Pages : 37
  • ISBN : 1484356381
  • Language : En, Es, Fr & De
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Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of medium-term economic and fiscal planning to minimize the adverse impact of disasters on economic development. This paper identifies the intensity of natural disasters for each country in the Pacific based on the distribution of damage and population affected by disasters, and estimates the impact of disasters on economic growth and international trade using a panel regression. The results show that “severe” disasters have a significant and negative impact on economic growth and lead to a deterioration of the fiscal and trade balance. We also find that the negative impact on growth is stronger for more intense disasters. Going further this paper proposes a simple and consistent method to adjust IMF staff’s economic projections and debt sustainability analysis for disaster shocks for the Pacific islands. Better incorporating the economic impact of natural disasters in the medium- and long-term economic planning would help policy makers improve fiscal policy decisions and to be better adapted and prepared for natural disasters.

Manual for Estimating the Socio-economic Effects of Natural Disasters

Manual for Estimating the Socio-economic Effects of Natural Disasters
A Book

by United Nations. Economic Commission for Latin America and the Caribbean. Programme Planning and Operations Division

  • Publisher : Unknown Publisher
  • Release : 1991
  • Pages : 279
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Natural Disasters and Climate Change

Natural Disasters and Climate Change
An Economic Perspective

by Stéphane Hallegatte

  • Publisher : Springer
  • Release : 2014-09-17
  • Pages : 194
  • ISBN : 3319089331
  • Language : En, Es, Fr & De
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This book explores economic concepts related to disaster losses, describes mechanisms that determine the economic consequences of a disaster, and reviews methodologies for making decisions regarding risk management and adaptation. The author addresses the need for better understanding of the consequences of disasters and reviews and analyzes three scientific debates on linkage between disaster risk management and adaptation to climate change. The first involves the existence and magnitude of long-term economic impact of natural disasters on development. The second is the disagreement over whether any development is the proper solution to high vulnerability to disaster risk. The third debate involves the difficulty of drawing connections between natural disasters and climate change and the challenge in managing them through an integrated strategy. The introduction describes economic views of disaster, including direct and indirect costs, output and welfare losses, and use of econometric tools to measure losses. The next section defines disaster risk, delineates between “good” and “bad” risk-taking, and discusses a pathway to balanced growth. A section entitled “Trends in Hazards and the Role of Climate Change” sets scenarios for climate change analysis, discusses statistical and physical models for downscaling global climate scenarios to extreme event scenarios, and considers how to consider extremes of hot and cold, storms, wind, drought and flood. Another section analyzes case studies on hurricanes and the US coastline; sea-level rises and storm surge in Copenhagen; and heavy precipitation in Mumbai. A section on Methodologies for disaster risk management includes a study on cost-benefit analysis of coastal protections in New Orleans, and one on early-warning systems in developing countries. The next section outlines decision-making in disaster risk management, including robust decision-making, No-regret and No-risk strategies; and strategies that reduce time horizons for decision-making. Among the conclusions is the assertion that risk management policies must recognize the benefits of risk-taking and avoid suppressing it entirely. The main message is that a combination of disaster-risk-reduction, resilience-building and adaptation policies can yield large potential gains and synergies.

Understanding the economic and financial impacts of natural disasters

Understanding the economic and financial impacts of natural disasters
A Book

by Charlotte Benson,Edward J. Clay

  • Publisher : World Bank Publications
  • Release : 2004
  • Pages : 129
  • ISBN : 9780821356852
  • Language : En, Es, Fr & De
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The Economic Impact of Natural Disasters in Pacific Island Countries: Adaptation and Preparedness

The Economic Impact of Natural Disasters in Pacific Island Countries: Adaptation and Preparedness
A Book

by Dongyeol Lee,Huan Zhang,Chau Nguyen

  • Publisher : International Monetary Fund
  • Release : 2018-05-10
  • Pages : 37
  • ISBN : 1484353285
  • Language : En, Es, Fr & De
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Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of medium-term economic and fiscal planning to minimize the adverse impact of disasters on economic development. This paper identifies the intensity of natural disasters for each country in the Pacific based on the distribution of damage and population affected by disasters, and estimates the impact of disasters on economic growth and international trade using a panel regression. The results show that “severe” disasters have a significant and negative impact on economic growth and lead to a deterioration of the fiscal and trade balance. We also find that the negative impact on growth is stronger for more intense disasters. Going further this paper proposes a simple and consistent method to adjust IMF staff’s economic projections and debt sustainability analysis for disaster shocks for the Pacific islands. Better incorporating the economic impact of natural disasters in the medium- and long-term economic planning would help policy makers improve fiscal policy decisions and to be better adapted and prepared for natural disasters.

Regional Economic Impacts of Terrorist Attacks, Natural Disasters and Metropolitan Policies

Regional Economic Impacts of Terrorist Attacks, Natural Disasters and Metropolitan Policies
A Book

by Harry W. Richardson,Qisheng Pan,JiYoung Park,James E. Moore II

  • Publisher : Springer
  • Release : 2015-02-25
  • Pages : 224
  • ISBN : 3319143220
  • Language : En, Es, Fr & De
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This book presents a multiregional input-output model for the metropolitan area of Southern California, which helps to estimate the economic impact of simulated terrorist attacks on seaports, malls etc. as well as of natural disasters such as earthquakes and tsunamis. The authors also analyze the economic and social effects of metropolitan policies such as growth controls, neighborhood gentrification or road-congestion charges. The model presented in the book has evolved over a period of 25 years and requires a very substantial computer capacity.

Selected Readings on the Local Economic Impact of Natural Disasters

Selected Readings on the Local Economic Impact of Natural Disasters
A Book

by Natural Disaster Resource Referral Service

  • Publisher : Unknown Publisher
  • Release : 1984
  • Pages : 6
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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The Economic Impact of Natural Disasters in Viet Nam

The Economic Impact of Natural Disasters in Viet Nam
A Book

by Charlotte Benson

  • Publisher : Unknown Publisher
  • Release : 1997
  • Pages : 121
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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The Local Economic Effects of Natural Disasters

The Local Economic Effects of Natural Disasters
A Book

by Anthony Yezer,Claire B. Rubin

  • Publisher : Unknown Publisher
  • Release : 1987
  • Pages : 75
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Understanding the Economic and Financial Impacts of Natural Disasters

Understanding the Economic and Financial Impacts of Natural Disasters
A Book

by Charlotte Benson,Edward J. Clay

  • Publisher : World Bank Publications
  • Release : 2004
  • Pages : 119
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Reported disaster losses have risen rapidly over the last few decades, triggering a growing awareness of the potential damage caused by natural hazards. However, there is limited knowledge or understanding of their broader macroeconomic significance or the problems they pose for long-term development.Drawing on evidence from Bangladesh, Dominica, and Malawi, 'Understanding the Economic and Financial Impacts of Natural Disasters' explores these macro-economic and development issues. The report examines the short and long-term economic and financial impacts of natural disasters, the factors that contribute to underlying sensitivities, and identifies opportunities for improving the economic management of risk and disasters as they unfold.

Economic Impact of Natural Disasters on Development in the Pacific: Economic assessment tools

Economic Impact of Natural Disasters on Development in the Pacific: Economic assessment tools
A Book

by Emily McKenzie

  • Publisher : Unknown Publisher
  • Release : 2005
  • Pages : 129
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Costs of Floods to Pakistan's Economy

Costs of Floods to Pakistan's Economy
A Book

by Javeria Niazi

  • Publisher : GRIN Verlag
  • Release : 2012-11-28
  • Pages : 58
  • ISBN : 365632350X
  • Language : En, Es, Fr & De
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Master's Thesis from the year 2010 in the subject Economy - Environment economics, grade: A minus, Beaconhouse University, language: English, abstract: The thesis reviews the available literature on measuring the direct and indirect impacts of natural disasters, both in the short run and in the long run. Based on this review, an attempt is made to quantify the economic impact of the recent floods in Pakistan. This will include not only the estimates emerging from the Damage Needs Assessment by the World Bank and ADB but also derivation of the second round multiplier effects on the GDP by use of the IPP Macroeconomic Model. In addition, an assessment will be made of the prospects for revival of growth.

The Long-term Consequences of Natural Disasters

The Long-term Consequences of Natural Disasters
A Summary of the Literature

by Ilan Noy,William DuPont (IV)

  • Publisher : Unknown Publisher
  • Release : 2016
  • Pages : 129
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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The long-term economic impact of natural disasters is a subject that is highly debated among scholars. Several factors should be taken into consideration: These include the type and severity of natural disaster, the underlying wealth of the economy, and the total area of country impacted. Additionally, the way that researchers choose to define long-term impact, look at direct and indirect damage, and the availability of data also matters. Regardless of the method used there is still not a clear consensus concerning the long-term economic consequences of disasters. To discuss the long-term economic impact of natural disasters, one must first define impact. A common way to determine this impact is to compare the economy post disaster to the level it was at prior to the disaster. Some researchers argue that an economy has recovered when it returns to pre-disaster levels. This approach can be useful when comparing the impact in the short-term; however when analyzing the long-term impact it becomes problematic. Economies are constantly changing, and over long periods of time these changes will accumulate. Therefore one of the biggest challenges for researchers is to estimate what the level the economy would be at had the natural disaster not occurred. The way in which researchers go about doing this, can have a large impact on the results they find. Researchers have not reached consensus concerning the long-term consequences to natural disasters. Several authors have found very little to no impact, of natural disasters in the long-term, especially when using country level data. There have been some notable exceptions. Poor countries as well as small island nations have been found to be less resilient in the long-term. Studies using data collected at regional and local, have found a much more nuanced set of results regardless of wealth, income, or size.

On the Economic Effects of Natural Disasters

On the Economic Effects of Natural Disasters
Frontiers in Applied Spatial Computable General Equilibrium Modeling

by Julio Gustavo Fournier Gabela

  • Publisher : Unknown Publisher
  • Release : 2020
  • Pages : 129
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Advances in Spatial and Economic Modeling of Disaster Impacts

Advances in Spatial and Economic Modeling of Disaster Impacts
A Book

by Yasuhide Okuyama,Adam Rose

  • Publisher : Springer Nature
  • Release : 2019-11-08
  • Pages : 421
  • ISBN : 3030162370
  • Language : En, Es, Fr & De
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This book presents essential advances in analytical frameworks and tools for modeling the spatial and economic impacts of disasters. In the wake of natural disasters, such as Hurricane Katrina, the Haiti Earthquake, and the East Japan Earthquake and Tsunami, as well as major terrorist attacks, the book analyzes disaster impacts from various perspectives, including resilience, space-time extensions, and decision-making strategies, in order to better understand how and to what extent these events impact economies and societies around the world. The contributing authors are internationally recognized experts from various disciplines, such as economics, geography, planning, regional science, civil engineering, and risk management. Thanks to the insights they provide, the book will benefit not only researchers in these and related fields, but also graduate students, disaster management professionals, and other decision-makers.

The Economics of Natural and Unnatural Disasters

The Economics of Natural and Unnatural Disasters
A Book

by William S. Kern

  • Publisher : W.E. Upjohn Institute
  • Release : 2010
  • Pages : 143
  • ISBN : 0880993634
  • Language : En, Es, Fr & De
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Only recently have economists understood natural and unnatural disasters as economic phenomena to be formally analyzed. Given the magnitude of many recent disasters, their impact on local, regional, and national economies, and the coverage of their consequences in the popular press, it is puzzling that the attention of economists was for so long largely diverted from analysis of these events. This book presents a noted group of contributors who stand at the forefront of this increasingly important subdiscipline of economics the economics of disasters. The chapters they contribute cover a wide variety of events and delve into the human and economic impacts disasters impose on nations around the world. Several themes dominant in this literature are discussed. These include the ability of potential disaster victims to accurately assess the risks they face, the role of incentives in ensuring that mitigation efforts are undertaken, the adequacy of our evaluation of the impact of disasters on economies, and discussion of the effectiveness of current government policies toward disaster prevention and relief. These will in all likelihood continue to be topics of discussion in the future as well.