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The Economics of Natural Disasters

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  • Barbara Flowers

Abstract

When natural disasters hit, the victims may feel as if there is no chance of recovery. In fact, those far away may feel the same way. Observing the destruction of homes, businesses, infrastructure, and the environment, one might wonder if it is possible to get back to normal. In rare cases, the return to pre-disaster normal is impossible. It is far more likely, however, that the recovery will ultimately make conditions as good or better than they were before the disaster.

Suggested Citation

  • Barbara Flowers, 2018. "The Economics of Natural Disasters," Page One Economics Newsletter, Federal Reserve Bank of St. Louis, pages 1-9, May.
    • Handle: RePEc:fip:fedlpo:00025
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    Cited by:

    1. Alexandru Bănică & Karima Kourtit & Peter Nijkamp, 2020. "Natural disasters as a development opportunity: a spatial economic resilience interpretation," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 40(2), pages 223-249, October.
    2. Alexander J. Miller & Mauricio E. Arias & Sergio Alvarez, 2021. "Built environment and agricultural value at risk from Hurricane Irma flooding in Florida (USA)," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 109(2), pages 1327-1348, November.

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