Natural disasters, such as earthquakes, affect thousands of people and can cause enormous financial loss. Therefore, an efficient response immediately following a natural disaster is vital to minimize the aforementioned negative effects. This research paper presents a network design model for...

The study examined the contagion effect of financial market volatility from Australian capital market to Indian, New Zealand, Hong Kong, Chinese, Taiwan, and Japanese capital markets due to Australian catastrophe. In the first stage, we employed two-variable vector autoregression (VAR) model for...

The perception of risks associated with climate change appears to be a key factor for the support of climate policy measures. Using a generalized ordered logit approach and drawing on a unique data set originating from two surveys conducted in 2012 and 2014, each among more than 6,000 German...

The relationship between climatic shocks, natural disasters, and migration has received increasing attention in recent years and is quite controversial. One view suggests that climate change and its associated natural disasters increase migration. An alternative view suggests that climate change...

A farmer’s uncertainty preferences can play a large role in how he makes production decisions on the farm. We attempt to understand how farmers’ household characteristics as well as past harvest shocks affect uncertainty preferences of maize farmers in southern Mexico. By using a series of...

The frequency, severity and economic impact of natural disasters are growing. Import surges resulting from disaster-response efforts can highlight underlying structural failings in the border clearance regimes of disaster-affected countries. Relief supplies, specialized personnel and agencies...

Quantifying many natural disasters economically is a global concern. Even in the U.S., economic damages stemming from natural disasters are experienced annually. Unexpected natural disasters result in various economic and business management disruptions. Especially, complex inter-industrial and...

Zu den wichtigsten Aufgaben einer Regierung gehört es, die Bevölkerung vor lebensbedrohlichen Ereignissen wie Naturkatastrophen zu schützen. Frühere Studien haben aufgezeigt, dass Wähler die amtierende Partei für nach einer Naturkatastrophe gesprochene Hilfsgelder belohnen, nicht aber für...

Seit dem Reaktorunfall von Tschernobyl wendet die Ukraine jährlich 5–7% ihres BIP auf, um das zerstörte Kraftwerk und die Umgebung zu sichern und zu dekontaminieren sowie um Betroffene zu entschädigen. Die tatsächlichen Folgekosten der Katastrophe gehen aber weit darüber hinaus. Das...

Soils are often subject to environmental shocks which are caused by negative extern- alities linked to overexploitation. We present a stochastic model of a dynamic agricultural economy where natural disasters are sizeable, multiple, and random. Expansion of agricultural activities raises...

In this paper, we propose a comprehensive Public Choice framework to identify and categorize barriers to efficient public climate adaptation. Specifically, we distinguish three dimensions of public adaptation: extent, structure (form and timing) and organisation (vertical and horizontal). Within...

This paper uses a difference-in-differences approach to test the hypothesis that the increase in the per-shipment costs of imports from Japan due to the Fukushima disaster in 2011 lead to an increase in the lumpiness of imports from Japan. Using China and the USA as control groups it is found...

Globally, the rise of new and unexpected risks and shocks has impacted stable and poor societies alike, and some, especially the latter, have become increasingly dysfunctional. The Philippines is peculiarly challenged to build economic resilience as indicated by its high-risk exposure and...

The unplanned settlement Ebo Town is flooded almost every year with polluted water from uphill Kanifing Municipality because of a lack of infrastructure for sanitation and drainage. When droughts occurred in the 1970s, destitute people started to move to the peripheral swamp of Tambi Wetland...

Recent empirical research has shown that output and GDP per capita in the aftermath of natural disasters are not necessarily lower than before the event. In many cases, both are not significantly affected and, surprisingly, sometimes they are found to respond positively to natural disasters....

The Pacific Islands face the highest disaster risk, in per capita terms, globally. Examples of catastrophic events in the region include the 2009 tsunami in Samoa, the 2014 floods in the Solomon Islands, and the 2015 cyclone Pam in Vanuatu. Even without these catastrophic events, countries in...

This paper examines the role of disaster shock in a one-sector, representative agent dynamic stochastic general equilibrium model (DSGE). First, it estimates a panel vector autoregresive (VAR) model for output, investment, trade balance, consumption, and country spread to capture the economic...

This paper investigates the vulnerability of households to climatic disasters in the low-lying atoll nation of Tuvalu. Small Island Developing States, particularly the atoll islands, are considered to be the most vulnerable to climatic change, and in particular to sea-level rise and its...

This is an open access title available under the terms of a CC BY 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. In recent years, typhoons have struck the Philippines and Vanuatu; earthquakes have...