Flooded Cities

Adriana Kocornik-Mina, Thomas K.J. McDermott, Guy Michaels and Ferdinand Rauch

CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE

Abstract: Economic activity tends to return to flood-prone areas after floods rather than relocating to higher ground. What's more, cities built in flood-prone areas are locking in exposure to flood risk for the long term. These are among the findings of research by Guy Michaels and colleagues, which investigates why so many cities are hit by floods year after year. The misery that floods have been inflicting on UK residents in recent weeks is part of a major global problem, the study shows: over the past 30 years, floods worldwide have killed more than 500,000 people and displaced over 650 million people. Yet despite their exposure to flooding, low elevation urban areas continue to concentrate a high density of economic activity.

Keywords: urbanization; flooding; climate change; urban recovery (search for similar items in EconPapers)
JEL-codes: Q54 R11 (search for similar items in EconPapers)
Date: 2016-02
New Economics Papers: this item is included in nep-ure
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https://cep.lse.ac.uk/pubs/download/cp463.pdf (application/pdf)

Related works:
Journal Article: Flooded Cities (2020)
Working Paper: Flooded cities (2020)
Working Paper: Flooded Cities (2015)
Working Paper: Flooded Cities (2015)
Working Paper: Flooded cities (2015)
Working Paper: Flooded cities (2015)
Working Paper: Flooded Cities (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:463

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