Examining the Natural Environmental Hazards Over the Last Century

George Halkos and Argyro Zisiadou ()
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Argyro Zisiadou: University of Thessaly

Economics of Disasters and Climate Change, 2019, vol. 3, issue 2, No 2, 119-150

Abstract: Abstract The purpose of the paper is to present an extended literature review with statistical results on natural environmental hazards relying on data from the last 117 years (1900–2016). More specifically, inspired by a statement in Smith’s (1996) book “the rich lose their money but the poor lose their lives” in this study we detect the high-risk areas and correlate them with economic characteristics in an attempt to accept or reject the above statement. Particularly, we hypothesize that the most developed countries have high economic losses and that the least developed countries have great fatalities. In this way we examine if fatalities are proved to be significant in the least developed countries and the total economic damages are proved to be significant in the most developed countries. A number of graphical presentations come to strengthen the statistical results by using map visualization techniques.

Keywords: Environmental hazards risk; Disaster; Economic impact; Damage; Fatalities (search for similar items in EconPapers)
JEL-codes: D62 H12 I31 Q50 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (7)

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DOI: 10.1007/s41885-018-0037-2

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