An Introduction to the Natural Disaster Vulnerability Evaluation Modeling (NDVE-Modeling): Theory and Application

Mario Ruiz Estrada and Donghyun Park

MPRA Paper from University Library of Munich, Germany

Abstract: The natural disasters have a potentially large impact on economic growth but measuring their economic impact is subject to a great deal of uncertainty. The central objective of our paper is to set forth a model – the natural disasters vulnerability evaluation modeling (NDVE-Modeling) – to evaluate the impact of natural disasters on GDP growth. The model is based on three basic indicators - (i) the natural disasters vulnerability propensity rate (Ω); (ii) the natural disaster devastation magnitude rate (Π); and (iii) economic desgrowth rate (δ). We apply the NDVE-Modeling on different countries around the world and especially on the case of the Japanese Tsunami in March 2011.

Keywords: Natural disaster; Japan (search for similar items in EconPapers)
JEL-codes: O40 Q50 (search for similar items in EconPapers)
Date: 2011-09-15
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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