Firm-Network Characteristics and Economic Robustness to Natural Disasters

Fanny Henriet, Stephane Hallegatte and L. Tabourier

Working papers from Banque de France

Abstract: This article proposes a theoretical framework to investigate economic robustness to exogenous shocks such as natural disasters. It is based on a dynamic model that represents a regional economy as a network of production units through the disaggregation of sectorscale Input-Output tables. Results suggest that disaster-related output losses depend on direct losses heterogeneity and on the economic network structure. Two aggregate indexes, concentration and clustering, appear as important drivers of economic robustness, offering opportunities for robustness-enhancing strategies. Modern industrial organization seems to reduce short-term robustness in a trade-off against higher efficiency in normal times.

Keywords: Natural disasters; Economic impacts; Economic Network. (search for similar items in EconPapers)
JEL-codes: C63 D85 L14 Q54 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2011
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Citations: View citations in EconPapers (7)

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https://publications.banque-france.fr/sites/defaul ... g-paper_355_2011.pdf (application/pdf)

Related works:
Journal Article: Firm-network characteristics and economic robustness to natural disasters (2012)
Working Paper: Firm-network characteristics and economic robustness to natural disasters (2012)
Working Paper: Firm-network characteristics and economic robustness to natural disasters (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:355

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