Analyzing regional economic impact and resilience: a case study on electricity outages caused by the 2008 snowstorms in southern China

Aijun Hu (), Wei Xie (), Ning Li (), Xuanhua Xu, Zhonghui Ji and Jidong Wu

Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, 2014, vol. 70, issue 2, 1019-1030

Abstract: When we think about the loss caused by natural disasters, we generally think about the direct economic loss. Although the direct economic loss is often obvious, the subsequent indirect economic loss can also be quite substantial. This research is a case study about the indirect economic impact of the Hunan electricity disruptions resulting from the 2008 snowstorms in southern China. Utilizing the computable general equilibrium model, this study shows that the indirect economic loss in Hunan Province resulting from electricity supply disruptions is estimated at USD 372 million over a 3-month recovery period. We also compare our results with other studies that use input–output models and discuss how the total regional economic resilience can mitigate economic losses through market substitutions and price changes. Copyright Springer Science+Business Media Dordrecht 2014

Keywords: Indirect economic losses; CGE; IO; Resilience (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://hdl.handle.net/10.1007/s11069-013-0858-9 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:nathaz:v:70:y:2014:i:2:p:1019-1030

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11069

DOI: 10.1007/s11069-013-0858-9

Access Statistics for this article

Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards is currently edited by Thomas Glade, Tad S. Murty and Vladimír Schenk

More articles in Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards from Springer, International Society for the Prevention and Mitigation of Natural Hazards
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().