Articles | Volume 16, issue 8
Research article
16 Aug 2016
Research article |  | 16 Aug 2016

Regional disaster impact analysis: comparing input–output and computable general equilibrium models

Elco E. Koks, Lorenzo Carrera, Olaf Jonkeren, Jeroen C. J. H. Aerts, Trond G. Husby, Mark Thissen, Gabriele Standardi, and Jaroslav Mysiak

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Cited articles

Albala-Bertrand, J. M.: Disasters and the Networked Economy, Routledge, Oxon, UK, 2013.
Baghersad, M. and Zobel, C. W.: Economic Impact of Production Bottlenecks Caused by Disasters Impacting Interdependent Industry Sectors, Int. J. Prod. Econ., 168, 71–80, 2015.
Bockarjova, M.: Major disasters in modern economies: An input-output based approach at modelling imbalances and disproportions, University of Twente, Twente, 2007.
Carrera, L., Standardi, G., Bosello, F., and Mysiak, J.: Assessing direct and indirect economic impacts of a flood event through the integration of spatial and computable general equilibrium modelling, Environ. Modell. Softw., 63, 109–122, 2015.
Cavallo, E. and Noy, I.: The Economics of Natural Disasters: A Survey, IDB Working Paper, No. 124, Washington DC, Inter-American Development Bank, 2009.
Short summary
In this study we analyze the economic consequences for two flood scenarios in the Po River basin in Italy, using three regional disaster impact models: two hybrid IO models and a regionally CGE model. Modelling results indicate that the difference in estimated total (national) economic losses and the regional distribution of those losses may vary by up to a factor of 7 between the three models, depending on the type of recovery path. Total economic impact is negative in all models though.
Final-revised paper