eprintid: 14291
rev_number: 13
eprint_status: archive
userid: 353
dir: disk0/00/01/42/91
datestamp: 2017-01-23 07:27:47
lastmod: 2021-08-27 17:28:28
status_changed: 2017-01-23 07:27:47
type: article
metadata_visibility: show
creators_name: Ladds, M.
creators_name: Keating, A.
creators_name: Handmer, J.
creators_name: Magee, L.
creators_id: 2024
title: How much do disasters cost? A comparison of disaster cost estimates in Australia
ispublished: pub
divisions: prog_risk
divisions: prog_rpv
keywords: Natural disaster; economic loss; Australia
abstract: Extreme weather events in Australia are common and a large proportion of the population are exposed to such events. Therefore, there is great interest as to how these events impact Australia's society and economy, which requires understanding the current and historical impact of disasters. Despite global efforts to record and cost disaster impacts, no standardised method of collecting and recording data retrospectively yet exists. The lack of standardisation in turn results in a range of different estimates of economic impacts. This paper examines five examples of aggregate disaster loss and impacts of natural disasters in Australia, and comparisons between them reveal significant data shortcomings. The reliability of data sources, and the methodology employed to analyse them can have significant impacts on conclusions regarding the overall cost of disasters, the relative costs of different hazards (disaster types), and the distribution of losses across Australian states. We highlight difficulties with time series comparisons, further complicated by the interdependencies of the databases. We reiterate the need for consistent and comparable data collection and analysis, to respond to the increasing frequency and severity of disasters in Australia.
date: 2017-03-21
date_type: published
publisher: Elsevier
id_number: doi:10.1016/j.ijdrr.2017.01.004
creators_browse_id: 147
full_text_status: public
publication: International Journal of Disaster Risk Reduction
volume: 21
pagerange: 419-429
refereed: TRUE
issn: 2212-4209
coversheets_dirty: FALSE
fp7_project: no
fp7_type: info:eu-repo/semantics/article
citation:   Ladds, M., Keating, A. <https://pure.iiasa.ac.at/view/iiasa/147.html>, Handmer, J., & Magee, L.  (2017).  How much do disasters cost? A comparison of disaster cost estimates in Australia.   International Journal of Disaster Risk Reduction 21 419-429. 10.1016/j.ijdrr.2017.01.004 <https://doi.org/10.1016/j.ijdrr.2017.01.004>.       
document_url: https://pure.iiasa.ac.at/id/eprint/14291/1/How%20much%20do%20disasters%20cost.pdf