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The Economics of Natural Disasters: an Overview of the Current Research Issues and Methods

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Abstract

In the last decades, we have observed a dramatic increase in the number of reported natural disasters and of their widespread human, economic, and environmental losses. This paper presents an overview of the current status of economic research on natural disasters. Firstly, it discusses key issues related to disaster definition, available datasets, and cost assessment. Then, it presents the main methodological approaches for estimating impacts and effects of natural disasters on the economy. Finally, it proposes a number of possible future research directions.

Suggested Citation

  • Ratti, Mattia Luigi, 2017. "The Economics of Natural Disasters: an Overview of the Current Research Issues and Methods," CERE Working Papers 2017:3, CERE - the Center for Environmental and Resource Economics.
    • Handle: RePEc:hhs:slucer:2017_003
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    File URL: http://www.cere.se/se/forskning/working-papers/836-the-economics-of-natural-disasters-an-overview-of-the-current-research-issues-and-methods.html
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    Cited by:

    1. Kamaljit K. Sangha & Jeremy Russell-Smith & Andrew C. Edwards & Akhilesh Surjan, 2021. "Assessing the real costs of natural hazard-induced disasters: A case study from Australia’s Northern Territory," 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. 108(1), pages 479-498, August.
    2. Rituparna Kaushik & Yashobanta Parida & Ravikiran Naik, 2024. "Human development and disaster mortality: evidence from India," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-15, December.

    More about this item

    Keywords

    definitions; data bias; true cost assessment; theoretical empirical; simulation models;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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