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An Introduction to the Natural Disaster Vulnerability Evaluation Modeling (NDVE-Modeling): Theory and Application

Author

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  • Ruiz Estrada, M.A.
  • Park, D

Abstract

The natural disasters have a potentially large impact on economic growth but measuring their economic impact is subject to a great deal of uncertainty. The central objective of our paper is to set forth a model – the natural disasters vulnerability evaluation modeling (NDVE-Modeling) – to evaluate the impact of natural disasters on GDP growth. The model is based on three basic indicators - (i) the natural disasters vulnerability propensity rate (Ω); (ii) the natural disaster devastation magnitude rate (Π); and (iii) economic desgrowth rate (δ). We apply the NDVE-Modeling on different countries around the world and especially on the case of the Japanese Tsunami in March 2011.

Suggested Citation

  • Ruiz Estrada, M.A. & Park, D, 2011. "An Introduction to the Natural Disaster Vulnerability Evaluation Modeling (NDVE-Modeling): Theory and Application," MPRA Paper 40561, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:40561
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    Cited by:

    1. Julie Freeman & Linda Hancock, 2017. "Energy and communication infrastructure for disaster resilience in rural and regional Australia," Regional Studies, Taylor & Francis Journals, vol. 51(6), pages 933-944, June.

    More about this item

    Keywords

    Natural disaster; Japan;

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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