Download or read book Estimating the Economic Impact of Hurricane Sandy written by David Cai and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: How did Hurricane Sandy affect the economic development of the areas it struck? Using observed wind speed, I apply a difference in differences approach to estimate the causal effect of Sandy on economic growth. I do not find significant evidence that Hurricane Sandy led to negative or positive growth changes within the counties it affected in Delaware, Maryland, New Jersey, New York and Pennsylvania. This paper further explores if Sandy catalyzed structural economic change, measured by the fraction of GDP occupied by construction and recreational industries. I find that Sandy had little effect on the construction share, but permanently stunted the recreational share of GDP.
Download or read book The Economic Impacts of Natural Disasters written by Debarati Guha-Sapir and published by Oxford University Press. This book was released on 2013-05-23 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work combines research and empirical evidence on the economic costs of disasters with theoretical approaches. It provides new insights on how to assess and manage the costs and impacts of disaster prevention, mitigation, recovery and adaption, and much more.
Download or read book Estimating the Economic Impacts of Hurricane Damage on Coastal Fishing Infrastructure written by Tanza Erlambang and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Gone with the Wind written by Mr.Sebastian Acevedo Mejia and published by International Monetary Fund. This book was released on 2016-10-14 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the economic costs of hurricanes in the Caribbean by constructing a novel dataset that combines a detailed record of tropical cyclones’ characteristics with reported damages. I estimate the relation between hurricane wind speeds and damages in the Caribbean; finding that the elasticity of damages to GDP ratio with respect to maximum wind speeds is three in the case of landfalls. The data show that hurricane damages are considerably underreported, particularly in the 1950s and 1960s, with average damages potentially being three times as large as the reported average of 1.6 percent of GDP per year. I document and show that hurricanes that do not make landfall also have considerable negative impacts on the Caribbean economies. Finally, I estimate that the average annual hurricane damages in the Caribbean will increase between 22 and 77 percent by the year 2100, in a global warming scenario of high CO2 concentrations and high global temperatures.
Download or read book National Economic Impact Analysis of Terrorist Attacks and Natural Disasters written by Harry W. Richardson and published by Edward Elgar Publishing. This book was released on 2014-11-28 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: øA unique contribution towards mitigation is offered in this book, which develops a national economic impact model to estimate the effects of simulated terrorist attacks and real world natural disasters on individual US States and economic sectors. The
Download or read book Economic Impact of Hurricane Sandy written by and published by . This book was released on 2013 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Meeting the Science Needs of the Nation in the Wake of Hurricane Sandy written by Herbert T. Buxton and published by . This book was released on 2013 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In late October 2012, Hurricane Sandy came ashore during a spring high tide on the New Jersey coastline, delivering hurricane-force winds, storm tides exceeding 19 feet, driving rain, and plummeting temperatures. Hurricane Sandy resulted in 72 direct fatalities in the mid-Atlantic and northeastern United States, and widespread and substantial physical, environmental, ecological, social, and economic impacts estimated at near $50 billion. Before the landfall of Hurricane Sandy, the USGS provided forecasts of potential coastal change; collected oblique aerial photography of pre-storm coastal morphology; deployed storm-surge sensors, rapid-deployment streamgages, wave sensors, and barometric pressure sensors; conducted Light Detection And Ranging (lidar) aerial topographic surveys of coastal areas; and issued a landslide alert for landslide prone areas. During the storm, Tidal Telemetry Networks provided real-time water-level information along the coast. Long-term network and rapid-deployment real-time streamgages and water-quality monitors reported on river levels and changes in water quality. Immediately after the storm, the USGS serviced real-time instrumentation, retrieved data from over 140 storm-surge sensors, and collected other essential environmental data, including more than 830 high-water marks mapping the extent and elevation of the storm surge. Post-storm lidar surveys documented storm impacts to coastal barriers informing response and recovery and providing a new baseline to assess vulnerability of the reconfigured coast. The USGS Hazard Data Distribution System served storm related information from many agencies on the Internet on a daily basis. This science plan was developed immediately following Hurricane Sandy to coordinate continuing USGS activities with other agencies and to guide continued data collection and analysis to ensure support for recovery and restoration efforts. The data, information, and tools that are produced by implementing this plan will: (1) further characterize impacts and changes, (2) guide mitigation and restoration of impacted communities and ecosystems, (3) inform a redevelopment strategy aimed at developing resilient coastal communities and ecosystems, (4) improve preparedness and responsiveness to the next hurricane or similar coastal disaster, and (5) enable improved hazard assessment, response, and recovery for future storms along the hurricane prone shoreline of the United States. The activities outlined in this plan are organized in five themes based on impact types and information needs. These USGS science themes are: Theme 1: Coastal topography and bathymetry. Theme 2: Impacts to coastal beaches and barriers. Theme 3: Impacts of storm surge and estuarine and bay hydrology. Theme 4: Impacts on environmental quality and persisting contaminant exposures. Theme 5: Impacts to coastal ecosystems, habitats, and fish and wildlife. A major emphasis in the implementation of this plan will be on interacting with stakeholders to better understand their specific data and information needs, to define the best way to make information available, and to support applications of USGS science and expertise to decisionmaking."--Executive summary.
Download or read book Framing the Challenge of Urban Flooding in the United States written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2019-04-29 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: Flooding is the natural hazard with the greatest economic and social impact in the United States, and these impacts are becoming more severe over time. Catastrophic flooding from recent hurricanes, including Superstorm Sandy in New York (2012) and Hurricane Harvey in Houston (2017), caused billions of dollars in property damage, adversely affected millions of people, and damaged the economic well-being of major metropolitan areas. Flooding takes a heavy toll even in years without a named storm or event. Major freshwater flood events from 2004 to 2014 cost an average of $9 billion in direct damage and 71 lives annually. These figures do not include the cumulative costs of frequent, small floods, which can be similar to those of infrequent extreme floods. Framing the Challenge of Urban Flooding in the United States contributes to existing knowledge by examining real-world examples in specific metropolitan areas. This report identifies commonalities and variances among the case study metropolitan areas in terms of causes, adverse impacts, unexpected problems in recovery, or effective mitigation strategies, as well as key themes of urban flooding. It also relates, as appropriate, causes and actions of urban flooding to existing federal resources or policies.
Download or read book Determining the Economic Value of Water written by Robert A. Young and published by Routledge. This book was released on 2014-07-23 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Water provides benefits as a commodity for agriculture, industry, and households, and as a public good such as fisheries habitat, water quality and recreational use. To aid in cost-benefit analysis under conditions where market determined price signals are usually unavailable, economists have developed a range of alternative valuation methods for measuring economic benefits. This volume provides the most comprehensive exposition to-date of the application of economic valuation methods to proposed water resources investments and policies. It provides a conceptual framework for valuation of both commodity and public good uses of water, addressing non-market valuation techniques appropriate to measuring public benefits - including water quality improvement, recreation, and fish habitat enhancement. The book describes the various measurement methods, illustrates how they are applied in practice, and discusses their strengths, limitations, and appropriate roles. In this second edition, all chapters have been thoroughly updated, and in particular the coverage of water markets and valuation of ecosystem services from water has been expanded. Robert Young, author of the 2005 edition, has been joined for this new edition by John Loomis, who brings additional expertise on ecosystem services and the environmental economics of water for recreational and other public good uses of water.
Download or read book Economic Benefits of Increasing Electric Grid Resilience to Weather Outages written by Jason Furman and published by . This book was released on 2013-09-30 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: In June 2011, President Obama released "A Policy Framework for the 21st Century Grid" which set out a strategy for modernizing the electric grid. The initiative directed billions of dollars toward investments in 21st century smart grid technologies focused at increasing the grid's efficiency, reliability, and resilience, and making it less vulnerable to weather-related outages and reducing the time it takes to restore power after an outage occurs. Grid resilience is increasingly important as climate change increases the frequency and intensity of severe weather, which is the leading cause of power outages in the U.S. Between 2003 and 2012, an estimated 679 widespread power outages occurred due to severe weather. This report estimates the annual cost of power outages caused by severe weather between 2003 and 2012 and describes various strategies for modernizing the grid and increasing grid resilience. Over this period, weather-related outages are estimated to have cost the U.S. economy an inflation-adjusted annual average of $18 billion to $33 billion. Continued investment in grid modernization and resilience will mitigate these costs over time. Figures. This is a print on demand report.
Download or read book Applied Risk Analysis for Guiding Homeland Security Policy and Decisions written by Samrat Chatterjee and published by John Wiley & Sons. This book was released on 2021-02-24 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents various challenges faced by security policy makers and risk analysts, and mathematical approaches that inform homeland security policy development and decision support Compiled by a group of highly qualified editors, this book provides a clear connection between risk science and homeland security policy making and includes top-notch contributions that uniquely highlight the role of risk analysis for informing homeland security policy decisions. Featuring discussions on various challenges faced in homeland security risk analysis, the book seamlessly divides the subject of risk analysis for homeland security into manageable chapters, which are organized by the concept of risk-informed decisions, methodology for applying risk analysis, and relevant examples and case studies. Applied Risk Analysis for Guiding Homeland Security Policy and Decisions offers an enlightening overview of risk analysis methods for homeland security. For instance, it presents readers with an exploration of radiological and nuclear risk assessment, along with analysis of uncertainties in radiological and nuclear pathways. It covers the advances in risk analysis for border security, as well as for cyber security. Other topics covered include: strengthening points of entry; systems modeling for rapid containment and casualty mitigation; and disaster preparedness and critical infrastructure resilience. Highlights how risk analysis helps in the decision-making process for homeland security policy Presents specific examples that detail how various risk analysis methods provide decision support for homeland security policy makers and risk analysts Describes numerous case studies from academic, government, and industrial perspectives that apply risk analysis methods for addressing challenges within the U.S. Department of Homeland Security (DHS) Offers detailed information regarding each of the five DHS missions: prevent terrorism and enhance security; secure and manage our borders; enforce and administer our immigration laws; safeguard and secure cyberspace; and strengthen national preparedness and resilience Discusses the various approaches and challenges faced in homeland risk analysis and identifies improvements and methodological advances that influenced DHS to adopt an increasingly risk-informed basis for decision-making Written by top educators and professionals who clearly illustrate the link between risk science and homeland security policy making Applied Risk Analysis for Guiding Homeland Security Policy and Decisions is an excellent textbook and/or supplement for upper-undergraduate and graduate-level courses related to homeland security risk analysis. It will also be an extremely beneficial resource and reference for homeland security policy analysts, risk analysts, and policymakers from private and public sectors, as well as researchers, academics, and practitioners who utilize security risk analysis methods.
Download or read book Modeling Spatial and Economic Impacts of Disasters written by Yasuhide Okuyama and published by Springer Science & Business Media. This book was released on 2004-05-18 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together a collection of innovative papers on strategies for analyzing the spatial and economic impacts of disasters. Natural and human-induced disasters pose several challenges for conventional modeling. For example, disasters entail complex linkages between the natural, built, and socio-economic environments. They often create chaos and economic disequilibrium, and can also cause unexpected long-term, structural changes. Dynamic interactions among agents and behavioral adjustments in a disaster become complicated. The papers in this volume make notable progress in tackling these challenges through refinements of conventional methods, as well as new modeling frameworks and multidisciplinary, integrative strategies. The papers also provide case study applications that afford new insights on disaster processes and loss reduction strategies.
Download or read book Market Liquidity written by Thierry Foucault and published by Oxford University Press. This book was released on 2023 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The process by which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. This book offers a more accurate and authoritative take on this process. The book starts from the assumption that not everyone is present at all times simultaneously on the market, and that participants have quite diverse information about the security's fundamentals. As a result, the order flow is a complex mix of information and noise, and a consensus price only emerges gradually over time as the trading process evolves and the participants interpret the actions of other traders. Thus, a security's actual transaction price may deviate from its fundamental value, as it would be assessed by a fully informed set of investors. The book takes these deviations seriously, and explains why and how they emerge in the trading process and are eventually eliminated. The authors draw on a vast body of theoretical insights and empirical findings on security price formation that have come to form a well-defined field within financial economics known as "market microstructure." Focusing on liquidity and price discovery, the book analyzes the tension between the two, pointing out that when price-relevant information reaches the market through trading pressure rather than through a public announcement, liquidity may suffer. It also confronts many striking phenomena in securities markets and uses the analytical tools and empirical methods of market microstructure to understand them. These include issues such as why liquidity changes over time and differs across securities, why large trades move prices up or down, and why these price changes are subsequently reversed, and why we observe temporary deviations from asset fair values"--
Download or read book The Economics of Biodiversity written by Partha Dasgupta and published by Cambridge University Press. This book was released on 2024-04-30 with total page 679 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This landmark report explains the current state of play in relation to biodiversity loss and explores the ways in which we can find a sustainable path to deal with this problem, one that will require us to change how we think, act and measure success"--
Download or read book The Social Value of Predicting Hurricanes written by Renato Molina and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hurricanes are among the costliest natural disasters in the world, with a significant portion of their impact linked to the accuracy of their forecasts. In this paper, we estimate the economic impacts of the official hurricane forecasts in the US and develop a new approach for measuring the social value of forecast improvements. We find that pre-landfall federal protective expenditures exponentially increase with the forecast wind speed and with the degree of uncertainty about the forecast. Correspondingly, we find that forecast errors are costly: underestimating wind speed results in damages and post-landfall recovery spending up to an order of magnitude larger than if the forecast had been accurate. Our main contribution is to develop a new theoretically-grounded approach for estimating the marginal value of information and we apply it to establish the social value of improving hurricane forecasts. On the margin, the value of hurricane information is large and has increasing returns. We find that forecast improvements since 2009 reduced total costs associated with hurricanes by 5%, totalling hundreds of millions of dollars per hurricane. When aggregated, these benefits are over an order of magnitude greater than the cumulative budget for operating and improving the hurricane forecast system.
Download or read book Hurricane Sandy in New Jersey and New York written by Mitigation Assessment Team (United States. Federal Emergency Management Agency) and published by . This book was released on 2013 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: On October 29, 2012, Hurricane Sandy made landfall on the East Coast of the United States. Hurricane Sandy was the deadliest and most destructive hurricane of the 2012 Atlantic Hurricane Season and the third-costliest hurricane in United States history. Hurricane Sandy made landfall near Brigantine, NJ, as a 1,000-mile-wide post-tropical cyclone. It had an estimated sustained wind speed of 80 miles per hour and a minimum pressure of 945 millibars. Although the wind speed was on the lower end of a Category 1 hurricane, the pressure was typical of a Category 3 hurricane. Hurricane Sandy approached the East Coast at a perpendicular angle and coincided with a spring high tide that was higher than normal because of a full moon. All of these factors combined to generate a massive surge that caused flooding and wind damage in 24 states across the northeastern and mid-Atlantic United States. New Jersey and New York were the most severely damaged. Nearly 2 million energy users lost power, contributing to the widespread impact of the storm. Total economic losses across the United States from Hurricane Sandy are estimated to be $50 billion. In response to Hurricane Sandy, the Federal Emergency Management Agency (FEMA) deployed a Mitigation Assessment Team (MAT) to evaluate damage from the hurricane, document observations, and based on these, offer conclusions and recommendations on the performance of buildings and other structures affected by flood and wind forces. The MAT included FEMA Headquarters and Regional Office engineers, representatives from other Federal agencies, local government officials, academia, and experts from the design and construction industry. The conclusions and recommendations in this report are intended to provide decision makers, designers, contractors, planners, code officials, industry groups, government officials, academia, homeowners, and business owners and operators with information and technical guidance that can be used to reduce future hurricane damage.
Download or read book A Framework for Assessing Mortality and Morbidity After Large Scale Disasters written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2020-12-25 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of a large-scale disaster, from the initial devastation through the long tail of recovery, protecting the health and well-being of the affected individuals and communities is paramount. Accurate and timely information about mortality and significant morbidity related to the disaster are the cornerstone of the efforts of the disaster management enterprise to save lives and prevent further health impacts. Conversely, failure to accurately capture mortality and significant morbidity data undercuts the nation's capacity to protect its population. Information about disaster-related mortality and significant morbidity adds value at all phases of the disaster management cycle. As a disaster unfolds, the data are crucial in guiding response and recovery priorities, ensuring a common operating picture and real-time situational awareness across stakeholders, and protecting vulnerable populations and settings at heightened risk. A Framework for Assessing Mortality and Morbidity After Large-Scale Disasters reviews and describes the current state of the field of disaster-related mortality and significant morbidity assessment. This report examines practices and methods for data collection, recording, sharing, and use across state, local, tribal, and territorial stakeholders; evaluates best practices; and identifies areas for future resource investment.
