DISASTER IMPACT AND INPUT-OUTPUT ANALYSIS

Macroeconomics models, such as the input-output model, the social accounting matrix, and the computable general equilibrium model, have been used for impact analysis of catastrophic disasters for some time. While the use of such models to disaster situation, which may quite differ from the ordinary...

Full description

Saved in:
Bibliographic Details
Published in:Economic systems research 2014-01, Vol.26 (1), p.1-12
Main Authors: Okuyama, Yasuhide, Santos, Joost R.
Format: Article
Language:English
Subjects:
Accounting
Disaster impacts
Disasters
Economic models
Economic recovery
General economic equilibrium
Impact analysis
Input output analysis
Macroeconomics
Studies
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Macroeconomics models, such as the input-output model, the social accounting matrix, and the computable general equilibrium model, have been used for impact analysis of catastrophic disasters for some time. While the use of such models to disaster situation, which may quite differ from the ordinary economic setting, has been critiqued (for recent example, see Albala-Bertrand, 2013 ), there are still valuable reasons for the use of such models. In particular, such models can be used in order to quickly provide a ballpark estimate of the system-wide impact for recovery plan and finance and/or to evaluate disaster countermeasures in the pre-event period. This paper presents how these methodologies have evolved to incorporate with disaster-specific feature and discusses how far they still need to go from the current stage. This paper also serves as a preface to this special issue, which encompasses several papers devoted to the use of macroeconomic data and models to assess economic losses from disasters.
ISSN:0953-5314
1469-5758
DOI:10.1080/09535314.2013.871505