TY - BOOK ID - 136288976 TI - Impact Estimation of Disasters : A Global Aggregate for 1960 To 2007 AU - Okuyama, Yasuhide AU - Sahin, Sebnem PY - 2009 PB - Washington, D.C., The World Bank, DB - UniCat KW - Catastrophic consequences KW - Conflict and Development KW - Disaster KW - Disaster community KW - Disaster Management KW - Disaster reduction KW - Disaster risk KW - Disaster risk reduction KW - Disasters KW - Documents KW - Drought KW - Droughts KW - Earthquake KW - Earthquakes KW - Economic Theory and Research KW - Environment KW - Floods KW - Hazard Risk Management KW - Hurricane KW - Macroeconomics and Economic Growth KW - Natural catastrophes KW - Natural disaster KW - Natural Disasters KW - Natural hazards KW - Reconstruction KW - Urban Development KW - Volcano UR - https://www.unicat.be/uniCat?func=search&query=sysid:136288976 AB - This paper aims to estimate the global aggregate of disaster impacts during 1960 to 2007 using Social Accounting Matrix (SAM) methodology. The authors selected 184 major disasters in terms of the size of economic damages, based on the data available from the International Emergency Disasters and MunichRe (NatCat) databases for natural catastrophes. They estimate the losses and total impacts including the higher-order effects of these disasters using social accounting matrices constructed for this study. Although the aggregate damages based on the data amount to USD 742 billion, the aggregate losses and total impacts are estimated at USD 360 billion and USD 678 billion, respectively. The results show a growing trend of economic impacts over time in absolute value. However, once the data and estimates are normalized using global gross domestic product, the historical trend of total impacts becomes statistically insignificant. The visual observation confirms the inverted 'U' curve distribution between total impact and income level, while statistical analyses indicate negative linear relationships between them for climatological, geophysical, and especially hydrological events. ER -