Abstract
Section 2.3 already presented an introduction to the overall social and environmental consequences of natural disasters. It was noted there, that the economic effects need a more thorough analysis due to the complexity of the topic and the importance for the risk management and modeling approach. Here, a number of issues and open questions about macroeconomic consequences due to natural disasters in the short and in the long term (until 4 years after the disaster) are statistically investigated using a sample of disaster events between 1960 and 2000. The chapter starts by grouping economic effects into three categories: Direct, indirect and macroeconomic effects1 (ECLAC 2003: (1)9ff, Charvériat 2000: 13ff, Rose 2004: 16f, Mechler 2004a: 31ff).
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References
Macroeconomic effects are also called secondary effects (Benson and Clay 2000: 12, Murlidharan and Shah 2003: 21f)
The notation and methodology used for the growth rate analysis is similar to that of Albala-Bertrand (1993a). Also because the results should either support its findings or not.
Because there is the possibility that the results of some decades are not indicative for another decade (see for example Charvériat 2000: 20) this variable is also introduced for separated analysis.
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© 2006 Deutscher Universitäts-Verlag | GWV Fachverlage GmbH, Wiesbaden
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(2006). Economic impacts - Statistical analysis. In: Macroeconomic Risk Management Against Natural Disasters. DUV. https://doi.org/10.1007/978-3-8350-9441-3_3
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DOI: https://doi.org/10.1007/978-3-8350-9441-3_3
Publisher Name: DUV
Print ISBN: 978-3-8350-0594-5
Online ISBN: 978-3-8350-9441-3
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