Economics of Natural Disasters

Unlike existing books on the topic that cover more on non-economic aspects of natural disasters, this book covers economic aspects of natural disasters viz damage assessment, risk management and resilience. The book contains several case studies and covers some of the major natural disasters in different countries, most notably the recent Nepal earthquake, tsunami in Fukushima, the Indian Ocean earthquake and tsunami, floods in Thailand, the typhoon Haiyan, and the eruptions of Mount Merapi. It also suggests avenues for better public policies to tackle economics of natural disasters.

Contents:

• Introduction and Overview
• The Empirical Literature on Poverty and Natural Disasters
• Economic Losses from Natural Disasters: Quantification Approaches and Developments in Asian Countries
• An Analysis of Exposure Risk to Extreme Events in Nature
• After the Thrill is Gone: Impact Analysis of the 1995 Kobe Earthquake and Its Reconstruction
• Impact of Natural Disasters on Residential Property Values: Evidence from Australia
• Disaster Risk Reduction and Disaster Management in Government Planning and Policy Agenda
• Disaster Risk Reduction and Sustainable Development: Going Forward

Readership: Graduate students and researchers in the areas of environmental economics, sustainable development, environment science, and public policy.
Key Features:

• First book to contain comprehensive treatment on natural disasters seen from the economic perspective
• Emphasis on damage assessments caused by natural disasters
• Timely book, given the significant number of natural disasters in the recent years