Economic and Welfare Impacts of Disasters in East Asia and Policy ResponsesL The Case of Vietnam
AbstractAlthough Vietnam has seen remarkable economic achievements over the last twenty-five years, the country is still one of the poorest countries in the world. Unfortunately, the country is prone to many natural hazards. Vietnam is located in one of the five cyclone centers on the planet. It is estimated that Vietnam is hit by 4.3 storms and more than 3 floods per year. Though the aftermaths of natural hazards are sizable, estimating their impacts is challenging, yet crucial for policy development. This paper aims to conduct a scientific assessment of the impact of a natural catastrophe to help understand the multidimensional costs of disasters, and to draw lessons on how the impacts of natural disasters can be properly assessed. In addition, it provides an overview of the management of natural disasters and climate change in Vietnam, to see how the policy system has been working to deal with the risk of natural disasters and climate change. Finally, it identifies possible options for Vietnam to move forward to an effective disaster risk management system.
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Bibliographic InfoPaper provided by Economic Research Institute for ASEAN and East Asia (ERIA) in its series Working Papers with number DP-2013-11.
Length: 47 pages.
Date of creation: Aug 2013
Date of revision:
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More information through EDIRC
Natural hazards; Storms; Floods; Impact evaluation; Matched sampling; Disaster management;
Find related papers by JEL classification:
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
- Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Costs; Distributional Effects; Employment Effects
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-18 (All new papers)
- NEP-DEV-2013-10-18 (Development)
- NEP-SEA-2013-10-18 (South East Asia)
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