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Economic Effects of the 1999 Turkish Earthquakes: An Interim Report

Author

Listed:
  • Alexandra Bibbee
  • Rauf Gönenç
  • Scott Jacobs
  • Josef Konvitz
  • Robert Price

Abstract

This Working Paper presents a cross-Directorate Report on the economic, budgetary, regulatory and urbanpolicy implications of the earthquakes which struck the Marmara and Bolu areas of Turkey on 17 August and 12 November 1999. The earthquakes caused high casualties and significant material damage to property, with severe effects on economic activity. The Report traces the factors underlying Turkey’s vulnerability to earthquake damage, along a known active fault line, to deficiencies in risk identification procedures and risk-reduction methods, as well as to the absence of risk transfer and financing techniques. It suggests that these deficiencies may stem from the nature of recent Turkish economic development, which has been driven by the need to assimilate a mass migration from the countryside to the cities and has been associated with extremely high and variable inflation. Ensuring a more orderly future development requires both an overhaul of governance structures in ... Ce document de travail présente un Rapport, établi en commun par plusieurs directions, sur les implications économiques, budgétaires, réglementaires et celles touchant à l’urbanisation, des tremblements de terre qui ont secoué les régions de Marmara et Bolu en Turquie les 17 août et 12 novembre 1999. Ceux-ci ont été la cause de pertes humaines considérables et d’importants dégâts matériels, avec de sérieuses conséquences sur l’activité économique. Le Rapport retrace les facteurs fondamentaux de la vulnérabilité de la Turquie face aux conséquences des séismes, le long d’une ligne de faille connue, face aux déficiences dans les procédures d’identification des risques et dans les methods visant à les réduire, ainsi que face à l’absence de transfert de risque et de techniques financières. Le Rapport suggère que ces déficiences peuvent provenir de la nature de la récente politique économique de la Turquie, qui a été conduite par la nécessité d’assimiler une importante migration de la ...

Suggested Citation

  • Alexandra Bibbee & Rauf Gönenç & Scott Jacobs & Josef Konvitz & Robert Price, 2000. "Economic Effects of the 1999 Turkish Earthquakes: An Interim Report," OECD Economics Department Working Papers 247, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:247-en
    DOI: 10.1787/233456804045
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    Citations

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    Cited by:

    1. Betül Ergün Konukcu & Himmet Karaman & Muhammed Şahin, 2016. "Building damage analysis for the updated building dataset of Istanbul," 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(3), pages 1981-2007, December.
    2. Ezgi Orhan, 2016. "Urban spatial structuring following disasters: empirical findings from location choices of businesses in Adapazari, Turkey," Journal of Risk Research, Taylor & Francis Journals, vol. 19(7), pages 964-982, August.
    3. B. Başbuğ & Henry Wynn, 2006. "Patterns in the Turkish reinsurance claim data, 1998–2002: An application of the extreme value theory," 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. 39(2), pages 329-342, October.
    4. Pelin Bakir & Guido Roeck & Geert Degrande & Edwin Reynders, 2007. "Seismic demands and analysis of site effects in the Marmara region during the 1999 Kocaeli earthquake," 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. 42(1), pages 169-191, July.

    More about this item

    Keywords

    earthquakes; gestion des affaires publiques; governance; housing; logement; risk; risque; tremblement de terre;
    All these keywords.

    JEL classification:

    • H8 - Public Economics - - Miscellaneous Issues

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