Disaster risk from a macroeconomic perspective
A Metric for Fiscal Vulnerability Evaluation
Bibliographic Data
| ID | 3898665 |
|---|---|
| Authors | Omar D Cardona (0000-0001-8233-5450, Universidad Nacional de Colombia), Mario G Ordaz, Mario Ordaz (0000-0002-0303-3524, Universidad Nacional Autonoma de Mexico), Mabel C Marulanda (0000-0003-0228-8012, Universitat Politècnica de Catalunya), Martha L Carreño, Martha Liliana Carreño Tibaduiza (0000-0003-1914-2992, Universitat Politècnica de Catalunya), Alex H Barbat, Horia Alejandro Barbat Barbat (0000-0002-3649-8053, Universitat Politècnica de Catalunya) |
| Year | 2010 |
| Volume | 34 |
| Issue | 4 |
| Pages | 1064-1083 |
| Publication date | 2010-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Disasters (JOURNAL) |
| Journal identifiers | ISSN: 0361-3666 • E-ISSN: 1467-7717 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1467-7717.2010.01183.x |
| PMID | 20618384 |
| OpenAlex | W2042232068 |
| Language | EN |
| Citations received | 3 |
| References cited | 4 |
The Disaster Deficit Index (DDI) measures macroeconomic and financial risk in a country according to possible catastrophic scenario events. Extreme disasters can generate financial deficit due to sudden and elevated need of resources to restore affected inventories. The DDI captures the relationship between the economic loss that a country could experience when a catastrophic event occurs and the availability of funds to address the situation. The proposed model utilises the procedures of the insurance industry in establishing probable losses, based on critical impacts during a given period of exposure; for economic resilience, the model allows one to calculate the country's financial ability to cope with a critical impact. There are limitations and costs associated with access to resources that one must consider as feasible values according to the country's macroeconomic and financial conditions. This paper presents the DDI model and the results of its application to 19 countries of the Americas and aims to guide governmental decision-making in disaster risk reduction
Actuarial science · Business · Computer security · Economic model · Economics · Macroeconomics · Medical emergency · Metric (unit · Operations management · Poison control · Psychological resilience · Resilience (materials science · Risk management · Vulnerability (computing · Agricultural risk and resilience · Computer Science · Disaster Management and Resilience · Infrastructure Resilience and Vulnerability Analysis · Medicine · Finance
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,25 |
| Citation span | 2014 - 2026 (13) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 3 |