EconPapers    
Economics at your fingertips  
 

Assessing Direct and Indirect Economic Impacts of a Flood Event Through the Integration of Spatial and Computable General Equilibrium Modelling

Lorenzo Carrera, Gabriele Standardi (), Francesco Bosello and Jaroslav Mysiak ()
Additional contact information
Lorenzo Carrera: Fondazione Eni Enrico Mattei, Ca’ Foscari University of Venice and Euro-Mediterranean Centre on Climate Change

No 2014.82, Working Papers from Fondazione Eni Enrico Mattei

Abstract: In this paper we developed and tested an integrated methodology for assessing direct and indirect economic impacts of flooding. The methodology combines a spatial analysis of damage to physical stocks with a general economic equilibrium approach using a regionally-calibrated (to Italy) version of a Computable General Equilibrium (CGE) global model. We applied the model to the 2000 Po river flood. To account for the uncertainty in the induced effects on regional economies, we explored three disruption and two recovery scenarios. The results prove that: i) indirect losses are a significant share of direct losses, and ii) the model is able to capture both positive and negative economic effects of a disaster in different areas of the same country. The assessment of indirect impacts is essential for a full understanding of the economic outcomes of natural disasters.

Keywords: Flood Risk; Indirect Impacts; Computable General Equilibrium; Natural Disasters (search for similar items in EconPapers)
JEL-codes: Q5 Q54 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cmp, nep-env and nep-ure
Date: 2014-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13) Track citations by RSS feed

Downloads: (external link)
http://www.feem.it/userfiles/attach/20141061224194NDL2014-082.pdf (application/pdf)

Related works:
Working Paper: Assessing Direct and Indirect Economic Impacts of a Flood Event Through the Integration of Spatial and Computable General Equilibrium Modelling (2014) Downloads
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:fem:femwpa:2014.82

Access Statistics for this paper

More papers in Working Papers from Fondazione Eni Enrico Mattei Contact information at EDIRC.
Bibliographic data for series maintained by barbara racah ().

 
Page updated 2019-10-16
Handle: RePEc:fem:femwpa:2014.82