151. 4. EVALUATING THE TOTAL ECONOMIC IMPACTS OF FLOODING.
- Author
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Hallegatte, Stéphane, Henriet, Fanny, Patwardhan, Anand, Narayanan, K., Ghosh, Subimal, Karmakar, Subhankar, Patnaik, Unmesh, Abhayankar, Abhijat, Pohit, Sanjib, Corfee-Morlot, Jan, Herweijer, Celine, Ranger, Nicola, Bhattacharya, Sumana, Bachu, Murthy, Priya, Satya, Dhore, K., Rafique, Farhat, Mathur, P., and Naville, Nicolas
- Subjects
FLOODS ,INDIAN economy, 1991- ,DISASTERS & economics ,ECONOMICS - Abstract
The article examines the impact of flooding on the economy of Mumbai, India. Using the Adaptive Regional Input-Output (ARIO) model, the value added loss caused by the July 2005 flooding in 25 sectors was 395 million U.S. dollars. There was no correlation found between direct economic losses and total losses as larger disaster tend to cause larger production losses, among other reasons. The authors also predict higher indirect and direct costs from flooding in the 2080s.
- Published
- 2010