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Economic Impacts of an Unscheduled, Disruptive Event: A Miyazawa Multiplier Analysis

In: Understanding and Interpreting Economic Structure

Author

Listed:
  • Yasuhide Okuyama

    (University of Illinois)

  • Michael Sonis

    (University of Illinois
    Bar Ilan University)

  • Geoffrey J. D. Hewings

    (University of Illinois)

Abstract

The damages and losses from unscheduled events, such as earthquakes, flood, and other major natural disasters, have significant and intense impacts on a region’s economy. The demand for the estimation of the economic impacts of recovery and reconstruction as well as of damages per se may become immediate after such events. Most analytical models of urban and regional economies, however, cannot confront these unscheduled and significant changes, since, at best, they assume incremental changes in systems over time. The consequences associated with the event, moreover, will have many aspects including damages on demand and supply sides, for example, since the event may affect a wide range of regional activities in different ways. The difficulties with impact analysis of unscheduled events are, therefore, 1) disentangling the consequences stemming directly and indirectly from the event; 2) deriving possibly different assessments at each spatial level — cities, region, or nation — (Hewings and Mahidhara, 1996), and 3) evaluating the reaction of households which are poorly understood (West and Lenze, 1994).

Suggested Citation

  • Yasuhide Okuyama & Michael Sonis & Geoffrey J. D. Hewings, 1999. "Economic Impacts of an Unscheduled, Disruptive Event: A Miyazawa Multiplier Analysis," Advances in Spatial Science, in: Geoffrey J. D. Hewings & Michael Sonis & Moss Madden & Yoshio Kimura (ed.), Understanding and Interpreting Economic Structure, chapter 6, pages 113-143, Springer.
    • Handle: RePEc:spr:adspcp:978-3-662-03947-2_6
    DOI: 10.1007/978-3-662-03947-2_6
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    Citations

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    Cited by:

    1. Vinicius A. Vale & Fernando S. Perobelli & Ariaster B. Chimeli, 2018. "International trade, pollution, and economic structure: evidence on CO2 emissions for the North and the South," Economic Systems Research, Taylor & Francis Journals, vol. 30(1), pages 1-17, January.
    2. Yasuhide Okuyama, 2015. "How shaky was the regional economy after the 1995 Kobe earthquake? A multiplicative decomposition analysis of disaster impact," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(2), pages 289-312, December.
    3. Yasuhide Okuyama, 2010. "Globalization and Localization of Disaster Impacts: An Empirical Examination," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 11(02), pages 56-66, July.
    4. Linn Svegrup & Jonas Johansson & Henrik Hassel, 2019. "Integration of Critical Infrastructure and Societal Consequence Models: Impact on Swedish Power System Mitigation Decisions," Risk Analysis, John Wiley & Sons, vol. 39(9), pages 1970-1996, September.
    5. Suman K SHARMA, 2010. "Socio-Economic Aspects of Disaster’s Impact: An Assessment of Databases and Methodologies," Economic Growth Centre Working Paper Series 1001, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
    6. José Manuel Rueda-Cantuche & Iñaki Arto & Valeria Andreoni & José M. Rueda-Cantuche, 2012. "Worldwide economic effects of disruptions in the production chain: the 2011 Japanese disasters," EcoMod2012 4088, EcoMod.
    7. Iman Rahimi Aloughareh & Mohsen Ghafory Ashtiany & Kiarash Nasserasadi, 2016. "An Integrated Methodology For Regional Macroeconomic Loss Estimation Of Earthquake: A Case Study Of Tehran," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(04), pages 1-24, September.
    8. Irfan Ahmed & Claudio Socci & Rosita Pretaroli & Francesca Severini & Stefano Deriu, 2022. "Socioeconomic spillovers of the 2016–2017 Italian earthquakes: a bi-regional inoperability model," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 426-453, January.
    9. Oscar Tiku & Tetsuo Shimizu, 2022. "Tourism-led economic contribution, interregional repercussion effects, and intersectoral propagation activities in Tokyo Metropolitan," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 11(1), pages 1-26, December.
    10. Luc SAVARD & Dorothée BOCCANFUSO & Antonio ESTACHE, 2009. "Distributional Impact of CC Policies in Senegal : A Macro-Micro CGE application," EcoMod2009 21500082, EcoMod.
    11. Yasuhide Okuyama, 2016. "Long-Run Effect Of A Disaster: Case Study On The Kobe Earthquake," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(01), pages 1-18, March.

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