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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

Subject(s): Environmental Economics and Policy

Issue Date: Oct 06 2014

Publication Type: Working or Discussion Paper

PURL Identifier: http://purl.umn.edu/186681

Total Pages: 39

JEL Codes: Q5; Q54

Series Statement: CCSD

082.2014

Record appears in: Fondazione Eni Enrico Mattei (FEEM) > Climate Change and Sustainable Development





Autor: Carrera, Lorenzo ; Standardi, Gabriele ; Bosello, Francesco ; Mysiak, Jaroslav

Fuente: http://ageconsearch.umn.edu/record/186681?ln=en







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