The welfare impact of a natural disaster depends on its effect on consumption, not only on the direct asset losses and human losses that are usually estimated and reported after disasters. This paper proposes a framework to assess disaster-related consumption losses, starting from an estimate of the asset losses, and leading to the following findings. First, output losses after a disaster destroys part of the capital stock are better estimated by...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2016/11/14
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Рабочий документ в рамках исследования вопросов политики
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WPS7885
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1
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1
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2016/11/14
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Disclosed
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Are losses from natural disasters more than just asset losses ? the role of capital aggregation, sector interactions, and investment behaviors
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productivity of capital
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