An Exploration of the Link between Development, Economic Growth, and Natural Risk

• Tác giả: Stéphane Hallegatte
• Ngôn ngữ: eng
• Ký hiệu phân loại: 338.9 Economic development and growth
• Thông tin xuất bản: World Bank, Washington, DC, 2013
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 297343
• Chủ đề: 1. development; 2. economic growth; 3. economic losses; 4. natural disaster; 5. risk

Tóm tắt

 This paper investigates the link between development, economic growth, and the economic losses from natural disasters in a normative analytical framework with an illustration on hurricane flood risks in New Orleans. It concludes that under broad conditions it is optimal for (1) the probability of disaster occurrence to decrease with income
  (2) the capital at risk-and thus the economic losses in case of disaster - to increase faster than economic growth
  and (3) the average annual losses to grow faster than income at low levels of development and slower than income at high levels of development. Increasing risk-taking reinforces economic growth
  improving protections transfers risks from frequent low-intensity events to rare high-impact events.