Economics of Natural Disasters

Description

Unlike existing books on the topic that cover more on non-economic aspects of natural disasters, this book covers economic aspects of natural disasters viz damage assessment, risk management and resilience. The book contains several case studies and covers some of the major natural disasters in different countries, most notably the recent Nepal earthquake, tsunami in Fukushima, the Indian Ocean earthquake and tsunami, floods in Thailand, the typhoon Haiyan, and the eruptions of Mount Merapi. It also suggests avenues for better public policies to tackle economics of natural disasters. CONTENTS Dedication Preface About the Contributors About the Editors Chapter 1. Introduction and Overview REFERENCES Chapter 2. The Empirical Literature on Povertyand Natural Disasters 1. ECONOMIC RESEARCH ON DISASTER IMPACT 2. A TYPOLOGY OF IMPACTS 3. THE DIRECT IMPACTS OF DISASTERS ON THE POOR: SUDDEN-ONSET EVENTS 4. DROUGHTS AND RAINFALL FLUCTUATIONS 5. THE INDIRECT IMPACTS OF SUDDEN-ONSET EVENTS 6. COPING RESPONSES OF THE POOR 7. LONG-TERM SCENARIOS IN DISASTERS’ AFTERMATH REFERENCES Chapter 3. Economic Losses from Natural Disasters: Quantification Approaches and Developments in Asian Countries 1. CONTEXT AND OBJECTIVE 2. TERMS AND DEFINITIONS 2.1. Definitions: Natural Hazard vs. Natural Disaster 2.2. Classification of Natural Disasters 2.3. Distinguishing Impacts, Losses, Costs and Damages of Disasters 3. ASSESSING ECONOMIC LOSSES OF NATURAL DISASTERS: CLASSIFICATION AND QUANTIFICATION APPROACHES 3.1. Assessment Approaches for Natural Disaster Impacts 3.1.1. Market-based impacts: assessment of direct losses 3.1.2. Market-based impacts: assessment of indirect losses 3.1.3. Assessment of nonmarket-based impacts 3.2. Practical Constraints 4. ECONOMIC LOSSES DUE TO NATURAL DISASTERS IN ASIAN COUNTRIES 4.1. Disaster Databases Featuring Loss Estimates 4.2. Natural Disaster-Related Statistics in Asian Countries for the Period 1990–2015 4.2.1. Global developments in the regions of interest 4.2.2. Regional comparison — estimated damages 4.3. Limitations of the Data Analysis 4.3.1. Data coverage in EM-DAT 4.3.2. Data quality and completeness of the loss estimates 4.3.3. General limitations and biases concerning loss assessments 4.4. What are the Main Influencing Factors Regarding the Economic Losses of Natural Disasters? 5. SUMMARY AND OUTLOOK 5.1. Global Recommendations and Outlook ACKNOWLEDGEMENTS REFERENCES Chapter 4. An Analysis of Exposure Risk to Extreme Events in Nature 1. INTRODUCTION 2. A MODEL OF DISASTER RISK 3. DATA 4. ESTIMATION 5. RESULTS 6. CONCLUSIONS APPENDIX A DESCRIPTION OF KEY HAZARD AND VULNERABILITY VARIABLES APPENDIX B COMPLETE BIVARIATE PROBIT MODEL WITH SAMPLE SELECTION DERIVATION OF MARGINAL EFFECTS OF HAZARD CATEGORIES AND LEVELS ON DISASTER RISK ACKNOWLEDGEMENTS REFERENCES Chapter 5. After the Thrill is Gone: Impact Analysis of the 1995 Kobe Earthquake and its Reconstruction 1. INTRODUCTION 2. ECONOMIC IMPACTS OF DISASTERS 3. ECONOMETRIC ANALYSIS OF THE KOBE EARTHQUAKE’S IMPACT1 3.1. The 1995 Kobe Earthquake 3.2. Time-Series Econometric Analysis 3.3. Data 3.4. Hypothesis Tests 3.5. Measuring the Effects of the Kobe Earthquake 4. STRUCTURAL ANALYSIS OF THE KOBE ECONOMY 5. POLICY IMPLICATIONS REFERENCES Chapter 6. Impact of Natural Disasters on Residential Property Values: Evidence from Australia 1. INTRODUCTION 2. BACKGROUND TO THE STUDY AREAS 3. LITERATURE REVIEW 4. METHOD AND DATA 5. RESULTS AND DISCUSSION 5.1. Spatial Analysis 6. CONCLUSIONS AND POLICY IMPLICATIONS REFERENCES Chapter 7. Disaster Risk Reduction and Disaster Management in Government Planning and Policy Agenda 1. INTRODUCTION 2. DRM AND MAINSTREAMING DRR CONCERNS INTO DEVELOPMENT AGENDA: GENERAL OVERVIEW 3. DISASTER RISK MANAGEMENT AND NATIONAL GOVERNMENTS a) Overview b) Disaster Risk Management in Indonesia c) Disaster Risk Management in The Philippines 4. ISSUES AND CHALLENGES IN MAINSTREAMING DRR DEVELOPMENT AGENDA Insufficient clarity in existing legislative/institutional environment requiring an integrated approach with greater commitment Poor coordination and lack of cooperation at multiple levels Paradigm Shift from emergency management to risk reduction: a mirage? Inadequate information and capacity to manage hazard and disaster risks Building National Resilience: Inadequate attention or operational complexities? 5. DISASTER RISK REDUCTION AND BUILDINGNATIONAL RESILIENCE Introduction and Literature Review Disaster Resilience: Operational Aspect and Complexities 6. DISASTER RISK MANAGEMENT AND COMMUNITY INVOLVEMENT Role of communities in disaster risk management: Introduction and Literature Review Role of Government in Community DRM and Recent Trend CBDRR Approach in National Agenda: Indonesia and the Philippines 7. COMMUNITY BASED DISASTER RISK MANAGEMENT: ISSUES AND CHALLENGES REFERENCES Chapter 8. Disaster Risk Reduction and Sustainable Development: Going Forward 1. INTRODUCTION 2. DRR AND SUSTAINABLE DEVELOPMENT AGENDA: WHERE DO WE STAND? 3. REFLECTIONS ON EXISTING DRR APPROACH AND WAYS TO ADVANCE DRR AGENDA 4. DRR AND SUSTAINABLE DEVELOPMENT AGENDA: ENABLING ENVIRONMENTS TO MOVE FORWARD 5. CONCLUDING NOTE REFERENCES Index