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The Analysis Of Economic Impact Of Natural Disasters

Author

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  • Ionela Daniela Găitan (Botezatu)

    (PhD Student, „Stefan cel Mare” University of Suceava, Romania)

Abstract

Natural disasters are unexpected events that cause significant material, human, economic and ecological damage, which cannot be countered with their own resources, which is why an in-depth knowledge of the factors that trigger them and an in-depth assessment of possible strategies to reduce the consequences of these events are needed. The frequent occurrence of these events requires the implementation of an adequate risk management system. The article aims at a thorough analysis to identify the negative effects of natural disasters on the economy and the factors that influence them. Knowing these factors can help us to create strategies for the negative effects of natural disasters. Thus, in the first part of the paper I presented a conceptual approach to natural disasters and their economic impact, in the second part of the article I achieve an analysis of the economic impact of natural disasters worldwide, followed by an analysis of them on continents and conclusions. The problem that I chose is one of great importance, given that natural disasters appear more and more frequent and are much more difficult to forecast and manage. In the elaboration of this paper I used qualitative research based on the use of methods such as comparative analysis, data processing and analysis, documenting reports, studying reference works and studies.

Suggested Citation

  • Ionela Daniela Găitan (Botezatu), 2019. "The Analysis Of Economic Impact Of Natural Disasters," Logos Universalitate Mentalitate Educatie Noutate - Sectiunea Stiinte Economice si Administrative/ Logos Universality Mentality Education Novelty - Section: Economical and Administrative Sciences, Editura Lumen, Department of Economics, vol. 4(1), pages 43-55, December.
    • Handle: RePEc:lum:rev14e:v:4:y:2019:i:1:p:43-55
    DOI: https://doi.org/10.18662/lumeneas/12
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    References listed on IDEAS

    as
    1. Haddad, Eduardo & Teixeira, Eliane, 2013. "Economic Impacts of Natural Disasters in Megacities: The Case of Floods in São Paulo, Brazil," TD NEREUS 4-2013, Núcleo de Economia Regional e Urbana da Universidade de São Paulo (NEREUS).
    2. Lisa Cameron & Manisha Shah, 2015. "Risk-Taking Behavior in the Wake of Natural Disasters," Journal of Human Resources, University of Wisconsin Press, vol. 50(2), pages 484-515.
    3. Koji Nakau, 2004. "A model for evaluating extreme risks with stochastic sustainability criteria: a case study of soil remediation on landfill sites," Journal of Risk Research, Taylor & Francis Journals, vol. 7(7-8), pages 689-704, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    natural disasters; impact; economic losses; risk; frequency;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate

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