IDEAS home Printed from https://ideas.repec.org/a/spr/rrorus/v6y2016i3d10.1134_s2079970516030072.html
   My bibliography  Save this article

Economic effects of the disastrous flood in the Russian Far East in 2013

Author

Listed:
  • B. N. Porfiriev

    (Russian Academy of Sciences)

Abstract

This article considers a general algorithm and elements of damage assessment from natural disasters at the macroeconomic level in a case study analyzing the direct economic consequences of a catastrophic flood in the Russian Far East in autumn 2013. Based on the data collected by the author from various sources and original calculations, estimates are provided for the direct economic damage to different sectors of the regional economy and the regional economy as a whole. It is shown that the flood caused the largest damage to buildings, people’s belongings, and the transport infrastructure. The total direct damage caused by this natural disaster amounts to 0.14% of the country’s GDP. The results obtained from calculations are compared with damage assessments made by alternative calculation methods and with the scale of damage caused by the most destructive floods in world history. Finally, the author provides rough estimates of the direct and indirect economic damage caused by this flood.

Suggested Citation

  • B. N. Porfiriev, 2016. "Economic effects of the disastrous flood in the Russian Far East in 2013," Regional Research of Russia, Springer, vol. 6(3), pages 274-280, July.
  • Handle: RePEc:spr:rrorus:v:6:y:2016:i:3:d:10.1134_s2079970516030072
    DOI: 10.1134/S2079970516030072
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1134/S2079970516030072
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1134/S2079970516030072?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Eric Neumayer & Fabian Barthel, 2010. "Normalizing economic loss from natural disasters: a global analysis," GRI Working Papers 31, Grantham Research Institute on Climate Change and the Environment.
    2. William D. Nordhaus, 2006. "The Economics of Hurricanes in the United States," NBER Working Papers 12813, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fabian Barthel & Eric Neumayer, 2012. "A trend analysis of normalized insured damage from natural disasters," Climatic Change, Springer, vol. 113(2), pages 215-237, July.
    2. Matteo Coronese & Francesco Lamperti & Francesca Chiaromonte & Andrea Roventini, 2018. "Natural Disaster Risk and the Distributional Dynamics of Damages," LEM Papers Series 2018/22, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    3. Hallegatte, Stephane, 2011. "How economic growth and rational decisions can make disaster losses grow faster than wealth," Policy Research Working Paper Series 5617, The World Bank.
    4. Xiaotong Sui & Mingzhao Hu & Haoyun Wang & Lingdi Zhao, 2023. "Improved elasticity estimation model for typhoon storm surge losses in 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. 116(2), pages 2363-2381, March.
    5. Elliott, Robert J.R. & Strobl, Eric & Sun, Puyang, 2015. "The local impact of typhoons on economic activity in China: A view from outer space," Journal of Urban Economics, Elsevier, vol. 88(C), pages 50-66.
    6. Mohammad Hadavi & Lutong Sun & Djordje Romanic, 2023. "Normalized insured losses caused by windstorms in Quebec and Ontario, Canada, in the period 2008-2021," Papers 2309.16695, arXiv.org.
    7. Tanaka, Ayumu, 2015. "The impacts of natural disasters on plants' growth: Evidence from the Great Hanshin-Awaji (Kobe) earthquake," Regional Science and Urban Economics, Elsevier, vol. 50(C), pages 31-41.
    8. Nicola Ranger & Falk Nieh�rster, 2011. "Deep uncertainty in long-term hurricane risk: scenario generation and implications for future climate experiments," GRI Working Papers 51, Grantham Research Institute on Climate Change and the Environment.
    9. Samba Diop & Simplice A. Asongu & Vanessa S. Tchamyou, 2021. "Mitigating the Macroeconomic Impact of Severe Natural Disasters in Africa: Policy Synergies," Working Papers 21/094, European Xtramile Centre of African Studies (EXCAS).
    10. Eva Deuchert & Christina Felfe, 2013. "The Tempest: Natural Disasters, Early Shocks and Children's Short- and Long-Run Development," CESifo Working Paper Series 4168, CESifo.
    11. Jenni Dinger & Michael Conger & David Hekman & Carla Bustamante, 2020. "Somebody That I Used to Know: The Immediate and Long-Term Effects of Social Identity in Post-disaster Business Communities," Journal of Business Ethics, Springer, vol. 166(1), pages 115-141, September.
    12. Melissa Nursey-Bray & Boyd Blackwell & Ben Brooks & Marnie L. Campbell & Laurie Goldsworthy & Hilary Pateman & Ian Rodrigues & Melanie Roome & Jeffrey T. Wright & John Francis & Chad L. Hewitt, 2013. "Vulnerabilities and adaptation of ports to climate change," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 56(7), pages 1021-1045, September.
    13. Felfe, Christina & Deuchert. Eva, 2011. "The tempest: Using a natural disaster to evaluate the link between wealth and child development," Economics Working Paper Series 1146, University of St. Gallen, School of Economics and Political Science.
    14. Saud Alshehri & Yacine Rezgui & Haijiang Li, 2015. "Delphi-based consensus study into a framework of community resilience to disaster," 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. 75(3), pages 2221-2245, February.
    15. Bourdeau-Brien, Michael & Kryzanowski, Lawrence, 2020. "Natural disasters and risk aversion," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 818-835.
    16. Ranger, Nicola & Niehörster, Falk, 2011. "Deep uncertainty in long-term hurricane risk: scenario generation and implications for future climate experiments," LSE Research Online Documents on Economics 37587, London School of Economics and Political Science, LSE Library.
    17. Guoqiang Shen & Long Zhou & Yao Wu & Zhiming Cai, 2018. "A Global Expected Risk Analysis of Fatalities, Injuries, and Damages by Natural Disasters," Sustainability, MDPI, vol. 10(7), pages 1-17, July.
    18. Álvarez, Xana & Gómez-Rúa, María & Vidal-Puga, Juan, 2019. "Risk prevention of land flood: A cooperative game theory approach," MPRA Paper 91515, University Library of Munich, Germany.
    19. Hans Visser & Arthur Petersen & Willem Ligtvoet, 2014. "On the relation between weather-related disaster impacts, vulnerability and climate change," Climatic Change, Springer, vol. 125(3), pages 461-477, August.
    20. Craig E. Landry & Mohammad R. Jahan‐Parvar, 2011. "Flood Insurance Coverage in the Coastal Zone," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 78(2), pages 361-388, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:rrorus:v:6:y:2016:i:3:d:10.1134_s2079970516030072. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.