Thinking about Imbalances in Post-catastrophe Economies: An Input–Output based Proposition

Steenge, A.E.; Bočkarjova, M.

doi:10.1080/09535310701330308

Cited by 83 publications

(100 citation statements)

References 8 publications

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“…Hallegatte, 2008), flooding (e.g. Steenge and Bočkarjova, 2007;Li et al, 2013), earthquakes (e.g. Rose et al, 1997;Okuyama, 2004), and terrorism (Santos and Haimes, 2004).…”

Section: Global Cities I-o Databasementioning

confidence: 99%

Input–output Analysis: The Next 25 Years

Dietzenbacher¹,

Lenzen²,

Los³

et al. 2013

Economic Systems Research

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“…Hallegatte, 2008), flooding (e.g. Steenge and Bočkarjova, 2007;Li et al, 2013), earthquakes (e.g. Rose et al, 1997;Okuyama, 2004), and terrorism (Santos and Haimes, 2004).…”

Section: Global Cities I-o Databasementioning

confidence: 99%

Input–output Analysis: The Next 25 Years

Dietzenbacher¹,

Lenzen²,

Los³

et al. 2013

Economic Systems Research

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“…Define x,ỹ as the post-disaster quantities of {x, y}. As in Steenge et al (2007), we ask that the post-disaster economy x,ỹ is in balance: Introduce damage parameters so thatx i = (1 − i )x i . i is the relative production loss of sector i.…”

Section: Appendix A: Disaster Impact Methodsmentioning

confidence: 99%

“…This formulation is equivalent to the model in Eqs. (17) and (21)- (23) in Steenge and Boèkarjova (2007). The result of a reduced industrial productionx is a state of reduced postdisaster consumption, i.e., final demandỹ.…”

Section: The Modelmentioning

confidence: 99%

“…In order to quantify the economic impacts of a severe space-weather event, we simulate the consequences of major disasters by utilizing Leontief's input-output (IO) theory (Steenge and Boèkarjova, 2007;Leontief, 1966). IO analysis has been used extensively for investigating the repercussions of changes in one part of an economy on other parts of the same economy (see the recent articles by Lenzen et al, 2011;Wiedmann et al, 2013).…”

Section: Introductionmentioning

confidence: 99%

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How severe space weather can disrupt global supply chains

Bäumen

Moran

Lenzen

et al. 2014

Nat. Hazards Earth Syst. Sci.

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Abstract. Coronal mass ejections (CMEs) strong enough to create electromagnetic effects at latitudes below the auroral oval are frequent events that could soon have substantial impacts on electrical grids. Modern society's heavy reliance on these domestic and international networks increases our susceptibility to such a severe space-weather event. Using a new high-resolution model of the global economy, we simulate the economic impact of strong CMEs for three different planetary orientations. We account for the economic impacts within the countries directly affected, as well as the post-disaster economic shock in partner economies linked by international trade. For a 1989 Quebec-like event, the global economic impacts would range from USD 2.4 to 3.4 trillion over a year. Of this total economic shock, about 50 % would be felt in countries outside the zone of direct impact, leading to a loss in global Gross Domestic Product (GDP) of 3.9 to 5.6 %. The global economic damage is of the same order as wars, extreme financial crisis and estimated for future climate change.

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“…Typically, in input-output and general equilibrium models, natural disasters are modelled as stochastic shocks disturbing economic dependencies or exogenous changes in coefficients describing pre-and post-disaster situations (Rose and Liao, 2005;Steenge and Bokarjova, 2007). To illustrate this with an example, the technological coefficients in the input-output model by Steenge and Bokarjova (2007) change in a post-disaster situation, so as to reflect losses of industrial capacities.…”

Section: Integrated Macroeconomic Modelling Of Catastrophic Flood Eventsmentioning

confidence: 99%