Introduction to the Handbook on the Economics of Disasters

Mark Skidmore

Chapter 1 in Handbook on the Economics of Disasters, 2022, pp 1-12 from Edward Elgar Publishing

Abstract: The introductory chapter provides an overview of the development of the economics of natural disasters as a field of study. It also provides a summary of recent developments in research on the economics of natural disasters: 1) theoretical considerations in modeling impacts and decision-making; 2) methods and applications for evaluating disaster impacts; and 3) approaches to evaluating and improving risk management, resilience, and adaptability. Theoretical considerations include behavioral consequences of disasters, biases and heuristics, risk preferences, and modelling the impacts of disasters. Empirical applications and discussion include assessments of disaster impacts on 1) economic growth; 2) government fiscal conditions; 3) well-being; 4) and migration. Topics in risk assessment and reduction include: 1) evaluation using agent-based modelling; 2) risk management and reduction; 3) weather modification to subdue severe weather; and 4) the use of financial markets for disaster mitigation. Also included are chapters on disaster vulnerability, resilience, recovery, and response.

Keywords: Development Studies; Economics and Finance; Environment; Sociology and Social Policy (search for similar items in EconPapers)
Date: 2022
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