The Indirect Cost of Natural Disasters and an Economic Definition of Macroeconomic Resilience

The Indirect Cost of Natural Disasters and an Economic Definition of Macroeconomic Resilience

The welfare impact of a disaster does not depend only on the physical characteristics of the event or its direct impacts in terms of lost lives and assets. Depending on the ability of the economy to cope, recover, and reconstruct, the reconstructio...

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Bibliographic Details
Main Author:	Hallegatte, Stephane
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	ECONOMIC SITUATION RISKS GENERAL EQUILIBRIUM ANALYSIS ECONOMIC GROWTH STORM DISASTER RISK REDUCTION FINANCIAL RETURNS PRODUCTION PRICE INCREASES SUPPLY CURVE RISK REDUCTION DISASTER SITUATIONS INCOME INTEREST PROBABILITY OF OCCURRENCE EXPECTATIONS STORMS ECONOMETRIC ANALYSES INTEREST RATE EXPORTS POLITICAL ECONOMY REVENUES WELFARE SUPPLY CURVES EQUILIBRIUM MODELS DISASTER DISTRIBUTIONAL EFFECTS MARGINAL PRODUCTIVITY DAMAGES PRICE INPUTS ECONOMIC EQUILIBRIUM PAYMENTS WEALTH RISK AVERSE ECONOMIC LOSS VALUE OF OUTPUT HURRICANES SAFETY NETS SMALL BUSINESS PRESENT VALUE REDISTRIBUTIVE EFFECTS INFLUENCE CONSUMER SURPLUS TSUNAMI PRODUCTION FUNCTION NATURAL DISASTER MORAL HAZARD FLOODS RENT PRODUCTIVITY ECONOMETRICS EXTERNALITIES NATURAL DISASTERS DEMAND CURVES CRITERIA MARKETS DEBT ADVERSE CONSEQUENCES DISASTERS DIRECT VALUE DISASTER REDUCTION TAX REVENUES ECONOMIC MODELS INVENTORIES UTILITY DISCOUNTED VALUE GROSS DOMESTIC PRODUCT FINANCE ECONOMIC RESEARCH POSITIVE EXTERNALITY EQUILIBRIUM ANALYSIS GROWTH THEORIES TOTAL OUTPUT EXTERNALITY DROUGHTS BENEFIT‐COST ANALYSIS CONSUMPTION EARTHQUAKE ASSET VALUE CAPITAL WAGES DISASTER RISK CLIMATE CHANGE VALUE ECONOMIC VALUE PRODUCTION FUNCTIONS CREDIT EXTREME EVENTS DISASTER RISK FINANCING CLIMATE ECONOMIC SECTORS DEMAND NATIONAL INCOME PRODUCTIVE ASSETS CONSUMERS ECONOMY DEMAND CURVE MEASUREMENT ASSETS MARKET ECONOMIC THEORY FLOOD PRICE INCREASE EMERGENCY SERVICES POLICY ECONOMIC SYSTEMS INSURANCE BUSINESS CYCLES TRADE GDP GOODS THEORY AVERAGE PRODUCTIVITY HURRICANE ACCIDENTS SUPPLY ECONOMIC INDICATORS INVESTMENTS RISK MANAGEMENT INSURANCE COMPANIES LAND‐USE COST ANALYSIS PRICES ECONOMIC STATISTICS RECONSTRUCTION BENEFITS ECONOMIC PERSPECTIVE DEVELOPMENT POLICY
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24744802/indirect-cost-natural-disasters-economic-definition-macroeconomic-resilience http://hdl.handle.net/10986/22238

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