Impact Estimation of Disasters : A Global Aggregate for 1960 to 2007

This paper aims to estimate the global aggregate of disaster impacts during 1960 to 2007 using Social Accounting Matrix (SAM) methodology. The authors selected 184 major disasters in terms of the size of economic damages, based on the data availabl...

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Main Authors:	Okuyama, Yasuhide, Sahin, Sebnem
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ADVERSE IMPACT AGRICULTURE CASUALTIES CATASTROPHIC CONSEQUENCES CATASTROPHIC EVENT CENTRE FOR RESEARCH ON THE EPIDEMIOLOGY CLIMATE CHANGE COMPARATIVE ANALYSIS CRED DAMAGES DAT DATABASE DEVELOPMENT ECONOMICS DEVELOPMENT NETWORK DISASTER DISASTER COMMUNITY DISASTER MANAGEMENT DISASTER MANAGEMENT FACILITY DISASTER REDUCTION DISASTER RISK DISASTER RISK REDUCTION DISASTER TYPE DISASTER TYPES DISASTERS DOCUMENTS DROUGHT DROUGHTS EARTHQUAKE EARTHQUAKES ECONOMIC IMPACT ECONOMIC INEQUALITY ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC STRUCTURES ELASTICITY FISCAL POLICY FLOOD FLOODS GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT HURRICANE HURRICANES IMPACT OF DISASTERS INCOME INCOME LEVELS INSECT INFESTATIONS INSURANCE INTERNATIONAL STRATEGY FOR DISASTER REDUCTION LANDSLIDES MULTIPLIERS NATIONAL INCOME NATURAL CATASTROPHES NATURAL DISASTER NATURAL DISASTERS NATURAL HAZARD NATURAL HAZARDS POLITICAL ECONOMY RECONSTRUCTION REGRESSION ANALYSIS RELIEF RELIEF EFFORTS SOCIOECONOMIC IMPACTS STATISTICAL ANALYSES STATISTICAL ANALYSIS STORM STORMS TSUNAMI TYPE OF DISASTER TYPE OF DISASTERS VALUE ADDED VOLCANIC ERUPTIONS VOLCANO WEALTH
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090617085508 http://hdl.handle.net/10986/4157

id	okr-10986-4157
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spelling	okr-10986-41572021-04-23T14:02:15Z Impact Estimation of Disasters : A Global Aggregate for 1960 to 2007 Okuyama, Yasuhide Sahin, Sebnem ADVERSE IMPACT AGRICULTURE CASUALTIES CATASTROPHIC CONSEQUENCES CATASTROPHIC EVENT CENTRE FOR RESEARCH ON THE EPIDEMIOLOGY CLIMATE CHANGE COMPARATIVE ANALYSIS CRED DAMAGES DAT DATABASE DEVELOPMENT ECONOMICS DEVELOPMENT NETWORK DISASTER DISASTER COMMUNITY DISASTER MANAGEMENT DISASTER MANAGEMENT FACILITY DISASTER REDUCTION DISASTER RISK DISASTER RISK REDUCTION DISASTER TYPE DISASTER TYPES DISASTERS DOCUMENTS DROUGHT DROUGHTS EARTHQUAKE EARTHQUAKES ECONOMIC IMPACT ECONOMIC INEQUALITY ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC STRUCTURES ELASTICITY FISCAL POLICY FLOOD FLOODS GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT HURRICANE HURRICANES IMPACT OF DISASTERS INCOME INCOME LEVELS INSECT INFESTATIONS INSURANCE INTERNATIONAL STRATEGY FOR DISASTER REDUCTION LANDSLIDES MULTIPLIERS NATIONAL INCOME NATURAL CATASTROPHES NATURAL DISASTER NATURAL DISASTERS NATURAL HAZARD NATURAL HAZARDS POLITICAL ECONOMY RECONSTRUCTION REGRESSION ANALYSIS RELIEF RELIEF EFFORTS SOCIOECONOMIC IMPACTS STATISTICAL ANALYSES STATISTICAL ANALYSIS STORM STORMS TSUNAMI TYPE OF DISASTER TYPE OF DISASTERS VALUE ADDED VOLCANIC ERUPTIONS VOLCANO WEALTH This paper aims to estimate the global aggregate of disaster impacts during 1960 to 2007 using Social Accounting Matrix (SAM) methodology. The authors selected 184 major disasters in terms of the size of economic damages, based on the data available from the International Emergency Disasters and MunichRe (NatCat) databases for natural catastrophes. They estimate the losses and total impacts including the higher-order effects of these disasters using social accounting matrices constructed for this study. Although the aggregate damages based on the data amount to US$742 billion, the aggregate losses and total impacts are estimated at US$360 billion and US$678 billion, respectively. The results show a growing trend of economic impacts over time in absolute value. However, once the data and estimates are normalized using global gross domestic product, the historical trend of total impacts becomes statistically insignificant. The visual observation confirms the inverted U curve distribution between total impact and income level, while statistical analyses indicate negative linear relationships between them for climatological, geophysical, and especially hydrological events. 2012-03-19T19:10:56Z 2012-03-19T19:10:56Z 2009-06-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090617085508 http://hdl.handle.net/10986/4157 English Policy Research working paper ; no. WPS 4963 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ADVERSE IMPACT AGRICULTURE CASUALTIES CATASTROPHIC CONSEQUENCES CATASTROPHIC EVENT CENTRE FOR RESEARCH ON THE EPIDEMIOLOGY CLIMATE CHANGE COMPARATIVE ANALYSIS CRED DAMAGES DAT DATABASE DEVELOPMENT ECONOMICS DEVELOPMENT NETWORK DISASTER DISASTER COMMUNITY DISASTER MANAGEMENT DISASTER MANAGEMENT FACILITY DISASTER REDUCTION DISASTER RISK DISASTER RISK REDUCTION DISASTER TYPE DISASTER TYPES DISASTERS DOCUMENTS DROUGHT DROUGHTS EARTHQUAKE EARTHQUAKES ECONOMIC IMPACT ECONOMIC INEQUALITY ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC STRUCTURES ELASTICITY FISCAL POLICY FLOOD FLOODS GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT HURRICANE HURRICANES IMPACT OF DISASTERS INCOME INCOME LEVELS INSECT INFESTATIONS INSURANCE INTERNATIONAL STRATEGY FOR DISASTER REDUCTION LANDSLIDES MULTIPLIERS NATIONAL INCOME NATURAL CATASTROPHES NATURAL DISASTER NATURAL DISASTERS NATURAL HAZARD NATURAL HAZARDS POLITICAL ECONOMY RECONSTRUCTION REGRESSION ANALYSIS RELIEF RELIEF EFFORTS SOCIOECONOMIC IMPACTS STATISTICAL ANALYSES STATISTICAL ANALYSIS STORM STORMS TSUNAMI TYPE OF DISASTER TYPE OF DISASTERS VALUE ADDED VOLCANIC ERUPTIONS VOLCANO WEALTH
spellingShingle	ADVERSE IMPACT AGRICULTURE CASUALTIES CATASTROPHIC CONSEQUENCES CATASTROPHIC EVENT CENTRE FOR RESEARCH ON THE EPIDEMIOLOGY CLIMATE CHANGE COMPARATIVE ANALYSIS CRED DAMAGES DAT DATABASE DEVELOPMENT ECONOMICS DEVELOPMENT NETWORK DISASTER DISASTER COMMUNITY DISASTER MANAGEMENT DISASTER MANAGEMENT FACILITY DISASTER REDUCTION DISASTER RISK DISASTER RISK REDUCTION DISASTER TYPE DISASTER TYPES DISASTERS DOCUMENTS DROUGHT DROUGHTS EARTHQUAKE EARTHQUAKES ECONOMIC IMPACT ECONOMIC INEQUALITY ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC STRUCTURES ELASTICITY FISCAL POLICY FLOOD FLOODS GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT HURRICANE HURRICANES IMPACT OF DISASTERS INCOME INCOME LEVELS INSECT INFESTATIONS INSURANCE INTERNATIONAL STRATEGY FOR DISASTER REDUCTION LANDSLIDES MULTIPLIERS NATIONAL INCOME NATURAL CATASTROPHES NATURAL DISASTER NATURAL DISASTERS NATURAL HAZARD NATURAL HAZARDS POLITICAL ECONOMY RECONSTRUCTION REGRESSION ANALYSIS RELIEF RELIEF EFFORTS SOCIOECONOMIC IMPACTS STATISTICAL ANALYSES STATISTICAL ANALYSIS STORM STORMS TSUNAMI TYPE OF DISASTER TYPE OF DISASTERS VALUE ADDED VOLCANIC ERUPTIONS VOLCANO WEALTH Okuyama, Yasuhide Sahin, Sebnem Impact Estimation of Disasters : A Global Aggregate for 1960 to 2007
geographic_facet	The World Region
relation	Policy Research working paper ; no. WPS 4963
description	This paper aims to estimate the global aggregate of disaster impacts during 1960 to 2007 using Social Accounting Matrix (SAM) methodology. The authors selected 184 major disasters in terms of the size of economic damages, based on the data available from the International Emergency Disasters and MunichRe (NatCat) databases for natural catastrophes. They estimate the losses and total impacts including the higher-order effects of these disasters using social accounting matrices constructed for this study. Although the aggregate damages based on the data amount to US$742 billion, the aggregate losses and total impacts are estimated at US$360 billion and US$678 billion, respectively. The results show a growing trend of economic impacts over time in absolute value. However, once the data and estimates are normalized using global gross domestic product, the historical trend of total impacts becomes statistically insignificant. The visual observation confirms the inverted U curve distribution between total impact and income level, while statistical analyses indicate negative linear relationships between them for climatological, geophysical, and especially hydrological events.
format	Publications & Research :: Policy Research Working Paper
author	Okuyama, Yasuhide Sahin, Sebnem
author_facet	Okuyama, Yasuhide Sahin, Sebnem
author_sort	Okuyama, Yasuhide
title	Impact Estimation of Disasters : A Global Aggregate for 1960 to 2007
title_short	Impact Estimation of Disasters : A Global Aggregate for 1960 to 2007
title_full	Impact Estimation of Disasters : A Global Aggregate for 1960 to 2007
title_fullStr	Impact Estimation of Disasters : A Global Aggregate for 1960 to 2007
title_full_unstemmed	Impact Estimation of Disasters : A Global Aggregate for 1960 to 2007
title_sort	impact estimation of disasters : a global aggregate for 1960 to 2007
publishDate	2012
url	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090617085508 http://hdl.handle.net/10986/4157
_version_	1764390188811812864

Impact Estimation of Disasters : A Global Aggregate for 1960 to 2007

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