A few good models for economic analysis of disasters: can your model handle the truth?

Yasuhide Okuyama

Chapter 3 in Handbook on the Economics of Disasters, 2022, pp 30-49 from Edward Elgar Publishing

Abstract: Economic impacts of disasters have been evaluated using a wide range of modeling frameworks, and the models have become increasingly sophisticated to ensure that some of the features that are unique to a disaster are captured. While studies of disaster impact analysis provide useful information for disaster management and policies, choosing the right model for a current disaster can be a daunting task for policymakers and practitioners. This chapter reviews some of the recent advancements of modeling frameworks for disaster impact analysis, discusses their advantages and limitations, provides the insights from empirical studies on past disasters at the macro and micro level that potentially contribute to further modeling improvements, and deliberates the future opportunities in this line of research.

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