2003
DOI: 10.7249/mr1734
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Assessing Federal Research and Development for Hazard Loss Reduction

Abstract: PREFACELosses resulting from natural hazards are a large and growing problem in the United States. While attention tends to focus on the problems that immediately follow devastating floods, hurricanes, earthquakes, and wildfires, the ongoing costs to the U.S. economy are enormous, on the order of hundreds of millions of dollars each week.Broad efforts to address this problem are in place across the federal government. Within the White House, the Office of Science and Technology Policy (OSTP) plays a key role i… Show more

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Cited by 14 publications
(7 citation statements)
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“…The authors see the lack of precise economic loss data as a severe limitation to measuring the effectiveness of national hazard loss research and development. This study helps to fill the research gap described by Meade and Abbott (2003) as the missing metric. In this article, we report the results of traditional ordinary least squares (OLS) estimation of residential market value loss due to tornado.…”
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confidence: 93%
See 1 more Smart Citation
“…The authors see the lack of precise economic loss data as a severe limitation to measuring the effectiveness of national hazard loss research and development. This study helps to fill the research gap described by Meade and Abbott (2003) as the missing metric. In this article, we report the results of traditional ordinary least squares (OLS) estimation of residential market value loss due to tornado.…”
mentioning
confidence: 93%
“…Quantified historical information about tornado intensity and loss from tornado events can help catastrophe aid agencies give appropriate responses. The urgency and importance of such research is emphasized by Meade and Abbott (2003) in the RAND report, ''Assessing Federal Research and Development for Hazard Loss Reduction.'' The authors see the lack of precise economic loss data as a severe limitation to measuring the effectiveness of national hazard loss research and development.…”
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confidence: 99%
“…The National Research Council (NRC 1999) observes that such loss data are critical for effective policy making related to hazards. And RAND (Meade and Abbott 2003) observes that priority setting for natural hazards-related research would be facilitated with improved data on losses. Until such improved data sets are available, it is important to make the most effective use of available data from the historical record.…”
Section: Recommendations For Usersmentioning
confidence: 99%
“…Several reports have made the case for policy makers to collect disaster loss data in a rigorous and systematic manner (e.g, NRC, 1999;Heinz Center, 2000;Changnon, 2003;Meade and Abbott, 2003). The National Research Council (NRC, 1999) recommends focusing on direct costs, such as property and crop losses and repairs to public infrastructure, which are most tractable for systematic reporting and quantification.…”
Section: Introductionmentioning
confidence: 99%