Evaluating the myriad dimensions of how disasters can affect economic activity and decision-making, this cutting-edge Handbook presents a timely analysis of the conditions that reduce or exacerbate disaster impacts.
Addressing developments in research on disaster economics, internationally recognized scholars explore the role of both the private and public sectors in managing and mitigating disasters. Chapters discuss important theoretical considerations in the evaluation of the impacts of disasters on economic activity, including the behavioral consequences, biases and heuristics, and risk preferences. Delving deeper into disaster economics, the Handbook then presents empirical methods and applications used in modelling disaster impact evaluation, with research focusing on impacts on economic growth, government fiscal and social conditions, well-being, and migration. Informed by the latest research on the economics of pandemics, the Handbook concludes by presenting novel approaches to evaluating and improving risk management, resilience, recovery and adaptability in the face of disasters.
A valuable resource for conducting research, this Handbook will prove vital to students and scholars of developmental and environmental economics. Providing a broad range of guidance from disaster response experts, it will also prove useful to practitioners and policymakers concerned with the economics of disasters.