Hallegatte, Stéphane; Jooste, Charl; Mc Isaac, Florent - In: Economic modelling 139 (2024), pp. 1-13
to minimize their welfare impacts. To support this process, we adapt the World Bank Macrostructural Model to capture key … impact of a disaster - proxied by the discounted consumption loss - is found to increase nonlinearly with direct asset losses …