IDEAS home Printed from https://ideas.repec.org/p/wiw/wiwrsa/ersa04p196.html
   My bibliography  Save this paper

Economic loss estimation for earthquake hazard in Istanbul

Author

Listed:
  • Seda Kundak

Abstract

Natural hazards, especially earthquakes, cause disasters when they hit large settlements such as metropolitan areas. After the first shock, the damage is counted by deaths and injuries. In a while, the destroying effects of disaster appear on economic asset of the region. Direct losses including damages in buildings and lifelines can caused non-structural or indirect losses as interruption of business activities and services. Loss estimation techniques have been developed to evaluate losses from earthquakes and other natural hazards. Recently, loss estimation models have improved due to advances in information technology and have been automated using Geographic Information Systems. The aim of this paper is to find out economic effects of probable earthquake in Istanbul. In this study, damage ratios of the most probable and the worst-case earthquake scenarios have been used in order to estimate total damage cost from destruction of houses and interruption of business activities. Despite the loss estimation model does not include monetary losses in lifeline system, centers of administration, emergency services and historical assets, the findings show that future losses, caused by a severe earthquake in Marmara Sea, will exceed the total damage cost of Kocaeli earthquake in 1999.

Suggested Citation

  • Seda Kundak, 2004. "Economic loss estimation for earthquake hazard in Istanbul," ERSA conference papers ersa04p196, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa04p196
    as

    Download full text from publisher

    File URL: https://www-sre.wu.ac.at/ersa/ersaconfs/ersa04/PDF/196.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Qi-Fu Chen & Yong Chen & Jie Liu & Ling Chen, 1997. "Quick and Approximate Estimation of Earthquake Loss Based on Macroscopic Index of Exposure and Population Distribution," 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. 15(2), pages 215-229, May.
    2. Chen Yong & Chen Ling & Federico Güendel & Ota Kulhánek & Li Juan, 2002. "Seismic Hazard and Loss Estimation for Central America," 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. 25(2), pages 161-175, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Max Wyss & Azm Al-Homoud, 2004. "Scenarios of Seismic Risk in the United Arab Emirates, an Approximate Estimate," 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. 32(3), pages 375-393, July.
    2. Hung-Chih Hung & Ming-Chin Ho & Yi-Jie Chen & Chang-Yi Chian & Su-Ying Chen, 2013. "Integrating long-term seismic risk changes into improving emergency response and land-use planning: a case study for the Hsinchu City, Taiwan," 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. 69(1), pages 491-508, October.
    3. Chen Yong & Chen Ling & Federico Güendel & Ota Kulhánek & Li Juan, 2002. "Seismic Hazard and Loss Estimation for Central America," 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. 25(2), pages 161-175, February.
    4. Shaghayegh Karimzadeh & Aysegul Askan & Murat Altug Erberik & Ahmet Yakut, 2018. "Seismic damage assessment based on regional synthetic ground motion dataset: a case study for Erzincan, Turkey," 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. 92(3), pages 1371-1397, July.
    5. A. Kijko & S. Retief & G. Graham, 2003. "Seismic Hazard and Risk Assessment for Tulbagh, South Africa: Part II – Assessment of Seismic Risk," 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. 30(1), pages 25-41, September.
    6. Lizhe Jia & Hui Li & Zhongdong Duan, 2012. "Convex model for gross domestic product-based dynamic earthquake loss assessment method," 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. 60(2), pages 589-604, January.
    7. Giovanni Marin & Marco Modica, 2016. "Mapping the exposure to natural disaster losses for Italian municipalities," SEEDS Working Papers 0916, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Oct 2016.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wiw:wiwrsa:ersa04p196. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gunther Maier (email available below). General contact details of provider: http://www.ersa.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.