publication . Article . Other literature type . 2019

The economic impacts of natural disasters

Olivier Deschenes; Mark Sanders; W. J. Wouter Botzen; W. J. Wouter Botzen; W. J. Wouter Botzen;
Open Access English
  • Published: 01 Aug 2019 Journal: Review of Environmental Economics and Policy, volume 13, issue 2 (issn: 1750-6816, Copyright policy)
  • Country: Netherlands
Abstract
Economic losses from natural disasters have been increasing in recent decades. This has been attributed mainly to population and economic growth in disaster-prone areas. Future natural disaster losses are expected to increase due to a continued increase in economic exposure and climate change. This highlights the importance of designing policies that can mitigate the impacts of these disasters on the economy and society. A rapidly expanding literature has estimated the direct (e.g., property damage) and indirect (e.g., gross domestic product growth, trade) economic impacts of natural disasters. This article reviews this emerging literature. We synthesize the mai...
Subjects
free text keywords: Economics and Econometrics, Management, Monitoring, Policy and Law, CLIMATE-CHANGE, RISK, COST, CONSEQUENCES, GROWTH, DAMAGE, ADAPTATION, RESILIENCE, CHALLENGES, FRAMEWORK, Star Journals, Management, Monitoring, Policy and Law, Economic impact analysis, Natural resource economics, Climate change, Gross domestic product, Population, education.field_of_study, education, Empirical research, Economics, Natural disaster
Funded by
EC| COACCH
Project
COACCH
CO-designing the Assessment of Climate CHange costs
  • Funder: European Commission (EC)
  • Project Code: 776479
  • Funding stream: H2020 | RIA
Communities
Science and Innovation Policy Studies
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