ECONOMIC ASSESSMENT OF UNEXPECTED EVENTS. IN: THE GEOGRAPHICAL DIMENSIONS OF TERRORISM

Damages and losses from unscheduled events such as earthquakes, floods, and other natural disasters have major impacts on a region's economy. Demand for instantaneous damage estimates, in addition to estimates of the economic impacts of longer-term recovery and reconstruction, arise almost immediately after such events. Most analytical models of urban and regional economies, however, cannot handle these unscheduled and significant changes, since, at best, they assume incremental changes in systems over time, and the models usually are created under the assumptions of equilibrium prevailing in markets. The consequences associated with disaster events, outlined in this paper, are multifaceted and include damages on both demand and supply sides. Difficulties with impact analysis of unscheduled events are discussed.

Language

  • English

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Filing Info

  • Accession Number: 00977732
  • Record Type: Publication
  • ISBN: 0415946425
  • Report/Paper Numbers: SP-1772,, Paper No. 2003-01-0126, Paper No. 2003-01-0127
  • Files: TRIS
  • Created Date: Aug 4 2004 12:00AM