In this paper we focus on the consequences of a major catastrophe for a modern economy, where 'major' means that a significant part of the economy's productive capacity is lost. In the aftermath of the catastrophe, authorities have to address a great number of issues. We show, using basic...

The analysis of income distribution (ID) has traditionally been of prime importance for economists and policy-makers. However, the standard input--output (I--O) model is not particularly well equipped for studying current issues such as the consequences of decreasing access to primary inputs or...