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The rainstorm comprehensive economic loss assessment based on CGE model: using a July heavy rainstorm in Beijing as an example

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  • Guizhi Wang
  • Xia Li
  • Xianhua Wu
  • Jun Yu

Abstract

This paper introduces the computable general equilibrium (CGE) model into the comprehensive economic loss assessment due to rainstorm, using Beijing as an example. The article has constructed a regional storm disaster CGE model to measure the impacts made by rainstorm occurence on sectors and the whole economic system by adding four disaster impact parameters corresponding to the four most affected sectors. The evaluation results show that the torrential rain on July 21 of 2012 in Beijing has caused a total of more than 27 billion RMB of indirect economic loss, which is much more than 11.64 billion RMB of direct economic loss, and on the other hand, we find that, although the rainstorm has brought immense losses to multiple economic departments, it stimulates the increase of social employment rate and investment in fixed assets. Copyright Springer Science+Business Media Dordrecht 2015

Suggested Citation

  • Guizhi Wang & Xia Li & Xianhua Wu & Jun Yu, 2015. "The rainstorm comprehensive economic loss assessment based on CGE model: using a July heavy rainstorm in Beijing as an example," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 76(2), pages 839-854, March.
    • Handle: RePEc:spr:nathaz:v:76:y:2015:i:2:p:839-854
    DOI: 10.1007/s11069-014-1521-9
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    References listed on IDEAS

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    1. Adam Rose & Shu‐Yi Liao, 2005. "Modeling Regional Economic Resilience to Disasters: A Computable General Equilibrium Analysis of Water Service Disruptions," Journal of Regional Science, Wiley Blackwell, vol. 45(1), pages 75-112, February.
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    5. Albala-Bertrand, J. M., 1993. "Political Economy of Large Natural Disasters: With Special Reference to Developing Countries," OUP Catalogue, Oxford University Press, number 9780198287650.
    6. Hirokazu Tatano & Satoshi Tsuchiya, 2008. "A framework for economic loss estimation due to seismic transportation network disruption: a spatial computable general equilibrium approach," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 44(2), pages 253-265, February.
    7. Mark Skidmore & Hideki Toya, 2002. "Do Natural Disasters Promote Long-Run Growth?," Economic Inquiry, Western Economic Association International, vol. 40(4), pages 664-687, October.
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    Cited by:

    1. Suyue Han & Bin Liu & Hourui Ren & Zhongli Zhou & Hao Gong, 2023. "Research on the spatiotemporal characteristics of the socioeconomic development level of mountainous earthquake-stricken areas under a long-time series after the earthquake," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(11), pages 12659-12680, November.
    2. Yanxu Liu & Shuangshuang Li & Yanglin Wang & Tian Zhang & Jian Peng & Tianyi Li, 2015. "Identification of multiple climatic extremes in metropolis: a comparison of Guangzhou and Shenzhen, China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 79(2), pages 939-953, November.
    3. Guizhi Wang & Lingyan Wu & Jibo Chen, 2016. "Intensity and economic loss assessment of the snow, low-temperature and frost disasters: a case study of Beijing City," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 84(1), pages 293-307, October.

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