Catastrophic Risk Management and Economic Growth

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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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

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