LIT4: Noy, I. & DuPont IV, W. (2018). The Long Term Consequences of Disasters: What Do We Know, and What We Still Don’t. International Review of Enviromental and Resource Economics,

Question 1

What is the difference between direct damage and indirect losses of disaster impact?

Answer 1

Direct damage includes the damages that are a direct consequence of the disaster.

Indirect losses refer to the loss of economic activity, which will no longer take place following the disaster

Question 2

What are the 3 factors to considering disaster risk?

Answer 2

Disaster risk is viewed as the intersection of hazard, exposure, and
vulnerability

1. The hazard profile
   - A function of the geographical location, the geo-physical characteristics, and the
   climatic conditions faced by that region.
2. The exposure of population and assets
   - Determined by their location.
3. The vulnerability of the exposed population
   - The ability of the exposed population to withstand the hazard and reduce its
   social, economic, and personal impacts.