Publications /
Paper in Academic Journals

Back
Read more
Risk caused by the propagation of earthquake losses through the economy
Authors
Eduardo Amaral Haddad
J. A. León
M. Ordaz
I. F. Araújo
May 30, 2022
Related topics: 
Economy

This Paper was originally published on nature.com

 

The economy of a country is exposed to disruptions caused by natural and man-made disasters. Here we present a set of probabilistic risk indicators, the Average Annual Loss (AAL) and the Loss Exceedance Curve (LEC), regarding to production, employment, Gross Domestic Product (GDP), Gross Regional Product (GRP), export volume, inflation, tariff revenue, among others, due to earthquakes. All indicators are computed using a systematic probabilistic approach, which integrates the seismic risk assessment with spatial computable general equilibrium models, both robust and well-known frameworks used worldwide in their respective fields. Our approach considers the induced damage and frequency of occurrence of a vast collection of events that collectively describe the entire seismic hazard of a country, giving us a better and more complete understanding of the full consequence of earthquakes. We illustrate this approach with an example developed for Chile.

RELATED CONTENT

  • Download PDF
    Agricultural Trade and Food Security
    Authors
    Will Martin
    December 5, 2017
    The second United Nations Sustainable Development Goal (SDG2) includes the goal to: “End hunger and achieve food security and improved nutrition” by 2030. While such an ambitious goal will clearly involve a wide range of policies and actors, this policy brief focuses on the role of trade policies in affecting food and nutrition security. Extensive and frequently contentious, debate swirls about whether trade in agricultural products is beneficial or detrimental for food security, pa ...
  • Download PDF
    The Protectionist’s Progress: Year 1
    Authors
    Uri Dadush
    December 5, 2017
    President Trump’s actions on trade have not quite matched his rhetoric, but the worst may be to come. Though the political opposition to his protectionism is formidable, so are his conviction and determination and he possesses a wide array of instruments to pursue his goals. The trade doctrine he has espoused makes for trade policy instability both at home and abroad. It may lead to a large deterioration in the operating environment of international business. America’s tradedependen ...
  • Download PDF
    Jobs in the Middle East North Africa, and the Moroccan case
    Authors
    Uri Dadush
    November 30, 2017
    The jobs markets across the Middle East North Africa region vary greatly, with some oil-rich countries importers of labor while others, including Morocco, are the source of emigrants. Morocco exhibits structural underemployment despite having grown quite rapidly. The reasons for Morocco’s job-poor growth run deep. Policies can mitigate the problem but are unlikely to solve it in the foreseeable future. ...
  • Download PDF
    الوظائف في الشرق الأوسط وشمال إفريقيا، ودراسة الحالة المغربية
    Authors
    Uri Dadush
    November 30, 2017
    إن أسواق العمل في منطقة الشرق األوسط وشمال إفريقيا تتباين فيما بينها بشكل كبير، فهناك بعض الدول النفطية اليت تقوم باستيراد العمالة فيما تقوم بلدان أخرى، ومن ضمنها المغرب، بتوفير اليد العاملة والكفاءات المهاجرة. هذا وتظهر على المغرب معالم وجود بطالة مقنعة على المستوى الهيكلي بالرغم من وتيرة النمو السريعة اليت سارت عليها البالد. وهناك عدد من األسباب المتشعبة اليت تقف وراء هذا النمو العاجز عن خلق فرص عمل ِّ ها في َّ بعة قد تتمكن من التخفيف من حدة اإلشكالية ولكن دون أن تنجح في حل مكتملة ...
  • Jobs, Industrialization, and Globalization
    Authors
    Hinh T. Dinh
    November 28, 2017
    After many decades of expansion, incomes and standards of living have never been better in many parts of the world. Yet, global trade and the prospects of growth still seem uncertain, and protectionism seems to be on the rise. In developed countries, there is anxiety over the loss of the manufacturing jobs that once absorbed a large share of the labor force and created a middle class that formed the core of democracy. Most middle-income countries have not yet been able to make the t ...
  • Download PDF
    Overlapping Globalizations
    Authors
    Otaviano Canuto
    November 27, 2017
    Current technological developments in manufacturing are likely to lead to a partial reversal of the wave of fragmentation and global value chains that was at the core of the rise of North-South trade from 1990 onwards. At the same time, China – the main hub of the global-growth-cum-structural-change of that period - may attempt to extend the previous wave through its “One Belt, One Road” initiative. ...
  • Download PDF
    الوظائف والتصنيع والعولمة
    Authors
    Hinh T. Dinh
    November 24, 2017
    لقد حققت معدلات الدخل ومستويات العيش تحسناً غير مسبوق في العديد من مناطق العالم، وذلك بعد أن عرفت ارتفاعاً مطرداً على مدى عقود متتالية. بيد أن آفاق التجارة العالمية والنمو الاقتصادي ما تزال محفوفة بالغموض، كما يبدو أن النزعة الحمئية سائرة في تزايد مستمر. ففي الدول المتقدمة، هناك قلق ناجم عن فقدان الوظائف التصنيعية التي شغَّلت فيما مضى فئة كبيرة من العمالة، وخلقت طبقة متوسطة شكلت نواة الديمقراطية في هذه الدول. هذا ولم تنجح معظم الدول ذات الدخل المتوسط في اللَّحاق بنظيرتها العالية الد ...
  • Download PDF
    China - Morocco - Africa: An Innovative Agribusiness Partnership
    Authors
    Fathallah Oualalou
    November 16, 2017
    The purpose of this paper is to propose the establishment of a forward-looking partnership between China and Morocco, centered around the agri-food issue in Africa. It is in Africa that the food demand will increase in a very significant way during the 21st century due, in particular, to population growth and the acceleration of urban development. Africa must succeed in its agricultural revolution in order to fight hunger and poverty, ensure the industrialization of its economy and ...
  • Download PDF
    High and Persistent Skilled Unemployment In Morocco: Explaining it by Skills Mismatch
    Authors
    Thomas Awazu Pereira da Silva
    November 9, 2017
    This paper sheds light on the increasing and persistent skilled unemployment in Morocco over the past decade – oscillating around 20% of total unemployment. It identifies and estimates the role and significance of a skill mismatch between Morocco’s education system and its labor market, illustrated by the ratio between technical and general university degrees produced by the education system. The paper finds supporting evidence that a skill mismatch does play a significant role in e ...