Volume 7, Issue 1, April 2017, Pages 27 - 36
A Critical Review on the Economics of Disasters
Xi Yu, Yandong Tang
Received 30 November 2016, Accepted 24 January 2017, Available Online 3 April 2017.
- https://doi.org/10.2991/jrarc.2017.7.1.4How to use a DOI?
- economics of disaster, loss assessment, value of statistical life, economic model
- The idea of economics of disasters can be traced back to the mid-19th century. The field of economics of disaster continues to be expand after 1970s and mainly concentrating in the disaster loss assessment methods, disaster economic impact model, the value of life assessments and disaster insurance and disaster risk securitization. This paper presents the research framework of economics of disasters, including disaster damage assessment, mitigation theory, disaster short-term economic impact, relationship between disasters and long-term economic growth, the value of life assessment, disaster risk management and disaster recovery and reconstruction theory.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - JOUR AU - Xi Yu AU - Yandong Tang PY - 2017 DA - 2017/04 TI - A Critical Review on the Economics of Disasters JO - Journal of Risk Analysis and Crisis Response SP - 27 EP - 36 VL - 7 IS - 1 SN - 2210-8505 UR - https://doi.org/10.2991/jrarc.2017.7.1.4 DO - https://doi.org/10.2991/jrarc.2017.7.1.4 ID - Yu2017 ER -