Articles | Volume 16, issue 8
https://doi.org/10.5194/nhess-16-1911-2016
https://doi.org/10.5194/nhess-16-1911-2016
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.
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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.
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