The Economics of Volcanoes
Johanna Choumert-Nkolo (),
Anaïs Lamour () and
Additional contact information
Johanna Choumert-Nkolo: EDI Global
Economics of Disasters and Climate Change, 2021, vol. 5, issue 2, No 6, 277-299
Abstract Volcanic hazards pose a potential threat to 8% of the world’s population, yet the economic literature on their short- and long-term consequences on household behavior and economic development is still in its infancy. In this article, we present the state of the literature and highlight knowledge gaps and methodological challenges inherent to the economic analysis of volcanic hazards and disasters. We first present the physical aspects of volcanic activity and describe available physical data. We then examine the concepts related to cost assessment of volcanic disasters. Finally, we discuss key micro and macroeconomic research questions economists should investigate and identify relevant methodological and data challenges. By highlighting research gaps in the “economics of volcanoes”, we provide future avenues of research that will address policy-relevant debates in the context of greater focus on risk mitigation, adaptation, and resilience policies aimed at mitigating natural hazards and disasters.
Keywords: Natural Disaster; Adaptation; Risk; Hazard; Resilience; Economics (search for similar items in EconPapers)
JEL-codes: O13 Q54 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s41885-021-00087-2 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
Working Paper: The Economics of Volcanoes (2020)
Working Paper: The economics of volcanoes (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:ediscc:v:5:y:2021:i:2:d:10.1007_s41885-021-00087-2
Ordering information: This journal article can be ordered from
https://www.springer ... mental/journal/41885
Access Statistics for this article
Economics of Disasters and Climate Change is currently edited by Ilan Noy and Shunsuke Managi
More articles in Economics of Disasters and Climate Change from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().