Economic Impacts of Disasters Taking into Account the Costs of Substitution of Intermediate Goods

被引：0
|
作者：
Nakano, Kazuyoshi [1 ]
Tatano, Hirokazu [2 ]
机构：
[1] Kyoto Univ, Grad Sch Informat, Uji, Kyoto, Japan
[2] Kyoto Univ, Disaster Prevent Res Inst, Uji, Kyoto, Japan
来源：
2009 IEEE INTERNATIONAL CONFERENCE ON SYSTEMS, MAN AND CYBERNETICS (SMC 2009), VOLS 1-9 | 2009年
关键词：
Natural disaster; Economic impact; Cost of substitution; Cascade effect;
D O I：
10.1109/ICSMC.2009.5345968
中图分类号：
TP3 [计算技术、计算机技术];
学科分类号：
0812 ;
摘要：
This paper focuses on the cost of substitution of intermediate goods and investigates how it affects macroeconomic dynamics after a natural disaster. This paper developes a macroeconomic model to show that the cost of substitution of intermediate goods is an important factor for expanding economic loss by inducing the "cascade effect." In addition, it illustrated that the cost of substitution can affect not only the amount of economic loss but also economic recovery speed.
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页码：1116 / +
页数：2
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