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
    The Concept of Developing Country from International Legal Perspectives in Post NIEO/UNCTAD World
    Authors
    Matsumoto Shoji
    September 25, 2019
    The concept of ‘developing country’ is now a source of controversy, asking “Is China a developing country?”, for example. The normative implications of such question will be considered, after a grief survey of its use in international organizations. Then, the transformation of the relations between States from asymmetric solidarity to symmetric complementarity is suggested. As an example of complementary relations, those between Morocco and Japan is surveyed. ...
  • Download PDF
    Taux de Change Fixe / Taux de Change Flottant Le cas du Maroc
    Authors
    Henri-Louis Vedie
    September 24, 2019
    En pleine transition ordonnée de son régime de change, sous l'autorité bienveillante du Fonds monétaire international (FMI), le Royaume du Maroc est un exemple très concret des avantages et des inconvénients des deux régimes de change dominants ces dernières décennies/change fixe et change flottant /. L’objet de cette note est de rappeler, tout d'abord, les fondamentaux économiques des deux systèmes et leur environnement historique (I). Ensuite, à la lumière de ces fondamentaux, pré ...
  • Comment le Maroc résiste-t-il aux vulnérabilités ?
    September 17, 2019
    INTERVIEW avec Patrick Plane 1/ Selon votre indice de compétitivité durable en matière d’attractivité, le Maroc occupait, en 2016, la 5ème place en Afrique, en même temps qu’il se situait en haut du tableau en termes de résistance aux vulnérabilités. Que révèlent pour vous ces classemen...
  • Download PDF
    Inequality in Morocco: An International Perspective
    Authors
    Uri Dadush
    Hamza Saoudi
    September 1, 2019
    Income inequality is high in Morocco. In 2013, the share of national income1  of the richest 10% in Morocco stood at nearly 32%, 12 times higher than the share of national income of the poorest 10% of the population. This paper argues that, drawing on international experience, there is much more that Morocco’s government can do to reduce inequality while at the same time enhancing growth and – possibly – doing so in a manner that is budget-neutral or even budget-positive. Top of the ...
  • Fed Monetary Policy, Inverted Yield Curve and Outlook for US and Global Economy
    Authors
    Satyandra Nayak
    Otaviano Canuto
    August 27, 2019
    Since the Fed’s July meeting, when the Fed Funds Rate had a 0.25% cut, fears about the impact of the US-China trade war on the global economy have escalated. The US yield curve inversion received much attention as a harbinger of a slowdown in the global and US economic outlooks. We approach here whether lights on next monetary policy events can be obtained from reading the minutes of the Fed’s meeting – and of the July meeting of the ECB governing council – released this week. The ...