Catastrophic Risk Management and Economic Growth

Ermoliev YM, Ermolieva TY, MacDonald GJ, & Norkin VI (2000). Catastrophic Risk Management and Economic Growth. IIASA Interim Report. IIASA, Laxenburg, Austria: IR-00-058

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Abstract

This paper outlines the main features of catastrophic risk management: endogenously generated catastrophes, mutually dependent losses, lack of historical data, the necessity of long-term perspectives and geographically explicit models, the involvement of various agents. We briefly discuss the long-term effects of shocks on economic growth and the need for the co-existence of anticipative risk-averse (ex-ante) policies with adaptive risk- prone (ex-post) policies.

Item Type: Monograph (IIASA Interim Report)
Research Programs: Risk, Modeling and Society (RMS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:12
Last Modified: 18 Nov 2016 06:04
URI: http://pure.iiasa.ac.at/6188

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