Economic impacts - Statistical analysis
Section 2.3 already presented an introduction to the overall social and environmental consequences of natural disasters. It was noted there, that the economic effects need a more thorough analysis due to the complexity of the topic and the importance for the risk management and modeling approach. Here, a number of issues and open questions about macroeconomic consequences due to natural disasters in the short and in the long term (until 4 years after the disaster) are statistically investigated using a sample of disaster events between 1960 and 2000. The chapter starts by grouping economic effects into three categories: Direct, indirect and macroeconomic effects1 (ECLAC 2003: (1)9ff, Charvériat 2000: 13ff, Rose 2004: 16f, Mechler 2004a: 31ff).
KeywordsNatural Disaster Government Consumption Average Growth Rate Disaster Event Macroeconomic Variable
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- 1.Macroeconomic effects are also called secondary effects (Benson and Clay 2000: 12, Murlidharan and Shah 2003: 21f)Google Scholar
- 3.The notation and methodology used for the growth rate analysis is similar to that of Albala-Bertrand (1993a). Also because the results should either support its findings or not.Google Scholar
- 5.Because there is the possibility that the results of some decades are not indicative for another decade (see for example Charvériat 2000: 20) this variable is also introduced for separated analysis.Google Scholar