Firm-network characteristics and economic robustness to natural disasters
Article dans une revue: This article proposes a theoretical framework to investigate economic robustness to exogenous shocks such as natural disasters. It is based on a dynamic model that represents a regional economy as a network of production units through the disaggregation of sector-scale input-output tables. Results suggest that disaster-related output losses depend on direct losses heterogeneity and on the economic network structure. Two aggregate indexes – concentration and clustering – appear as important drivers of economic robustness, offering opportunities for robustness-enhancing strategies. Modern industrial organization seems to reduce short-term robustness in a trade-off against higher efficiency in normal times. (C) 2011 Published by Elsevier B.V.
Auteur(s)
Fanny Henriet, Stéphane Hallegatte, Lionel Tabourier
Revue
- Journal of Economic Dynamics and Control
Date de publication
- 2012
Mots-clés JEL
Mots-clés
- Natural disasters
- Economic impacts
- Economic network
Pages
- 150-167
URL de la notice HAL
Version
- 1
Volume
- 36