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Ermoliev, Y.M., Ermolieva, T.Y., MacDonald, G.J., & Norkin, V.I. (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: | 27 Aug 2021 17:17 |
| URI: | https://pure.iiasa.ac.at/6188 |
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