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Examining the Natural Environmental Hazards Over the Last Century

Author

Listed:
  • George Halkos

    (University of Thessaly)

  • Argyro Zisiadou

    (University of Thessaly)

Abstract

The purpose of the paper is to present an extended literature review with statistical results on natural environmental hazards relying on data from the last 117 years (1900–2016). More specifically, inspired by a statement in Smith’s (1996) book “the rich lose their money but the poor lose their lives” in this study we detect the high-risk areas and correlate them with economic characteristics in an attempt to accept or reject the above statement. Particularly, we hypothesize that the most developed countries have high economic losses and that the least developed countries have great fatalities. In this way we examine if fatalities are proved to be significant in the least developed countries and the total economic damages are proved to be significant in the most developed countries. A number of graphical presentations come to strengthen the statistical results by using map visualization techniques.

Suggested Citation

  • George Halkos & Argyro Zisiadou, 2019. "Examining the Natural Environmental Hazards Over the Last Century," Economics of Disasters and Climate Change, Springer, vol. 3(2), pages 119-150, July.
  • Handle: RePEc:spr:ediscc:v:3:y:2019:i:2:d:10.1007_s41885-018-0037-2
    DOI: 10.1007/s41885-018-0037-2
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    References listed on IDEAS

    as
    1. Halkos, George & Zisiadou, Argyro, 2018. "Reporting the natural environmental hazards occurrences and fatalities over the last century," MPRA Paper 87936, University Library of Munich, Germany.
    2. Alistair Munro & Shunsuke Managi, 2017. "Going Back: Radiation and Intentions to Return amongst Households Evacuated after the Great Tohoku Earthquake," Economics of Disasters and Climate Change, Springer, vol. 1(1), pages 77-93, June.
    3. Onuma, Hiroki & Shin, Kong Joo & Managi, Shunsuke, 2016. "Household preparedness for natural disasters:Impact of disaster experience and implications for future disaster risks in Japan," MPRA Paper 77634, University Library of Munich, Germany.
    4. Mohammad Sanaei & Shinya Horie & Shunsuke Managi, 2016. "Job Opportunity And Ownership Status: Return Decision After The Great East Japan Earthquake And Tsunami," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(01), pages 1-16, March.
    5. Managi, Shunsuke & Guan, Dabo, 2017. "Multiple disasters management: Lessons from the Fukushima triple events," Economic Analysis and Policy, Elsevier, vol. 53(C), pages 114-122.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Johanna Choumert-Nkolo & Anaïs Lamour & Pascale Phélinas, 2021. "The Economics of Volcanoes," Economics of Disasters and Climate Change, Springer, vol. 5(2), pages 277-299, July.
    2. Beniamino Callegari & Christophe Feder, 2022. "A Literature Review of Pandemics and Development: the Long-Term Perspective," Economics of Disasters and Climate Change, Springer, vol. 6(1), pages 183-212, March.
    3. Halkos, George & Zisiadou, Argyro, 2018. "Analysing last century’s occurrence and impacts of technological and complex environmental hazards," MPRA Paper 90503, University Library of Munich, Germany.
    4. Yumei HOU & Maryam Khokhar & Mumtaz Khan & Tahir Islam & Imtiaz Haider, 2021. "Put Safety First: Exploring the Role of Health and Safety Practices in Improving the Performance of SMEs," SAGE Open, , vol. 11(3), pages 21582440211, July.
    5. George Halkos & Argyro Zisiadou, 2020. "Is Investors’ Psychology Affected Due to a Potential Unexpected Environmental Disaster?," JRFM, MDPI, vol. 13(7), pages 1-24, July.
    6. George E. Halkos & Christina Bampatsou, 2019. "Economic growth and environmental degradation: a conditional nonparametric frontier analysis," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 21(2), pages 325-347, April.

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    More about this item

    Keywords

    Environmental hazards risk; Disaster; Economic impact; Damage; Fatalities;
    All these keywords.

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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