Description
Book SynopsisEvaluating the myriad dimensions of how disasters can affect economic activity and decision-making, this cutting-edge Handbook presents a timely analysis of the conditions that reduce or exacerbate disaster impacts.
Addressing developments in research on disaster economics, internationally recognized scholars explore the role of both the private and public sectors in managing and mitigating disasters. Chapters discuss important theoretical considerations in the evaluation of the impacts of disasters on economic activity, including the behavioral consequences, biases and heuristics, and risk preferences. Delving deeper into disaster economics, the Handbook then presents empirical methods and applications used in modelling disaster impact evaluation, with research focusing on impacts on economic growth, government fiscal and social conditions, well-being, and migration. Informed by the latest research on the economics of pandemics, the Handbook concludes by presenting novel approaches to evaluating and improving risk management, resilience, recovery and adaptability in the face of disasters.
A valuable resource for conducting research, this Handbook will prove vital to students and scholars of developmental and environmental economics. Providing a broad range of guidance from disaster response experts, it will also prove useful to practitioners and policymakers concerned with the economics of disasters.
Trade Review‘The Handbook on the Economics of Disasters
is a masterpiece. It is an indispensable resource for those who want to understand and conduct research on how economic decisions and regional/national economies are affected by disasters.’ -- Hideki Toya, Nagoya City University, Japan
Table of ContentsContents: 1 Introduction to the Handbook on the Economics of Disasters 1 Mark Skidmore 2 A taxonomy of natural disasters 13 Mark Skidmore PART I THEORETICAL CONSIDERATIONS IN EVALUATING DISASTER IMPACTS 3 A few good models for economic analysis of disasters: can your model handle the truth? 30 Yasuhide Okuyama 4 Behavioral economic consequences of disasters 50 Adam Rose 5 The role of biases and heuristics in addressing natural disasters 72 Howard Kunreuther and Wouter Botzen 6 Risk preferences and natural disasters: a review of theoretical and empirical themes 86 Laura Bakkensen and Marc N. Conte PART II EVALUATION OF DISASTER CONSEQUENCES SECTION I Economic Impacts 7 Economic consequences of pre-COVID-19 epidemics: a literature review 117 Ilan Noy and Tomáš Uher 8 Natural disasters and economic growth: revisiting the evidence 134 Jesús Crespo Cuaresma 9 The impact of natural disasters on economic growth 150 Eduardo A. Cavallo, Oscar Becerra and Laura Acevedo 10 Assessing the impact of natural disasters on industry gross domestic product in the United States 193 Monica Escaleras, Anand Jha and Christopher J. Boudreaux 11 The fiscal consequences of natural disasters 208 Tatyana Deryugina SECTION II Social Impacts 12 Natural disasters and self-reported well-being: a review of the literature 230 Michael Berlemann and Marina Eurich 13 Preferences, behavior, and welfare outcomes against disasters: a review 252 Yasuyuki Sawada 14 Effect of major disasters on geographic mobility intentions: the case of the Fukushima nuclear accident 275 Eiji Yamamura, Chisako Yamane, Shoko Yamane and Yoshiro Tsutsui PART III RISK MANAGEMENT, RESILIENCY AND VULNERABILITY SECTION I Insurance 15 The role of insurance in integrated disaster risk management with a focus on how insurance can support climate adaptation and disaster resilience 294 Swenja Surminski 16 Supplying insurance for natural disasters: a retrospective study of property insurer strategies 319 Patricia H. Born and J. Bradley Karl SECTION II Risk Assessment and Reduction 17 Expanded disaster risk assessment using agent-based modeling: a case study on floods in Sri Lanka 355 Brian Walsh and Stéphane Hallegatte 18 Using weather modification to subdue severe weather 389 Scott Knowles and Mark Skidmore SECTION III Resilience and Vulnerability 19 Advances in the empirical estimation of disaster resilience 401 Noah Dormady, Adam Rose and C. Blain Morin 20 State capacity and vulnerability to natural disasters 434 Richard S. J. Tol SECTION IV Recovery and Response 21 Small business recovery: lessons from Hurricane Katrina and the COVID-19 pandemic 459 Maria I. Marshall, Bhagyashree Katare and Corinne B. Valdivia 22 Disaster challenges and entrepreneurial responses 472 Virgil Henry Storr, Stefanie Haeffele and Alexander W. Craig Index 487
