Title: on input-output economic models in disaster impact assessment
Authors: GALBUSERA LUCAGIANNOPOULOS GEORGIOS
Citation: INTERNATIONAL JOURNAL OF DISASTER RISK REDUCTION vol. 30 no. Part B p. 186-198
Publisher: ELSEVIER SCIENCE BV
Publication Year: 2018
JRC N°: JRC108984
ISSN: 2212-4209 (online)
URI: https://www.sciencedirect.com/science/article/pii/S2212420918305521
http://publications.jrc.ec.europa.eu/repository/handle/JRC108984
DOI: 10.1016/j.ijdrr.2018.04.030
Type: Articles in periodicals and books
Abstract: During the last decades, input-output (I/O) economic models have assumed a prominent role in disaster impact analysis and resilience assessment. Rooted in general equilibrium theory and economic production theory, they catalyse attention on the distinction between direct economic losses and ripple effects that may be generated inside a multi-industry system as a consequence of perturbations. Empowering the I/O analysis framework and overcoming some of its inherent limitations is crucial in order to successfully approach emerging disaster assessment challenges, such as multi-regional loss quantification and the investigation of shock responses in global supply chains. In this paper, we review and discuss how different disaster modeling aspects have been in-corporated in recent contributions exploiting I/O techniques, taking into account both demand- and supply-sided perturbation triggers, static and dynamic representations, as well as the assessment of economic resilience
JRC Directorate:Space, Security and Migration

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