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Published in:
2017 | OriginalPaper | Chapter
2. Enumeration of Categories of Economic Consequences
Authors : Adam Rose, Fynnwin Prager, Zhenhua Chen, Samrat Chatterjee, Dan Wei, Nathaniel Heatwole, Eric Warren
Published in: Economic Consequence Analysis of Disasters
Publisher: Springer Singapore
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Abstract
The purposes of this chapter are to identify a broad range of categories of economic consequences of major threats and to develop a checklist tool that provides a framework for their examination in subsequent chapters in this report. The Enumeration approach described below intends to improve the accuracy of economic consequence estimation. Many studies delve deeply into the estimation of a narrow set of economic consequence types but compromise accuracy by the exclusion of others. The Enumeration approach is the opposite—it provides approximate estimates for a comprehensive set of consequence categories. We contend that for many threats, this breadth can achieve more accurate overall estimation than the in-depth estimation of a limited number of consequence categories.