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Building Resilience to Natural Disasters: An Application to Small Developing States

2017-10-30 Business & Economics
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Release : 2017-10-30
Genre : Business & Economics
Kind : eBook
Book Rating : 749/5 ( reviews)

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Book Synopsis Building Resilience to Natural Disasters: An Application to Small Developing States by : Ricardo Marto

Download or read book Building Resilience to Natural Disasters: An Application to Small Developing States written by Ricardo Marto. This book was released on 2017-10-30. Available in PDF, EPUB and Kindle. Book excerpt: We present a dynamic small open economy model to explore the macroeconomic impact of natural disasters. In addition to permanent damages to public and private capital, the disaster causes temporary losses of productivity, inefficiencies during the reconstruction process, and damages to the sovereign's creditworthiness. We use the model to study the debt sustainability concerns that arise from the need to rebuild public infrastructure over the medium term and analyze the feasibility of ex ante policies, such as building adaptation infrastructure and fiscal buffers, and contrast these policies with the post-disaster support provided by donors. Investing in resilient infrastructure may prove useful, in particular if it is viewed as complementary to standard infrastructure, because it raises the marginal product of private capital, crowding in private investment, while helping withstand the impact of the natural disaster. In an application to Vanuatu, we find that donors should provide an additional 50% of pre-cyclone GDP in grants to be spent over the following 15 years to ensure public debt remains sustainable following Cyclone Pam. Helping the government build resilience on the other hand, reduces the risk of debt distress and at lower cost for donors.

Small States Resilience to Natural Disasters and Climate Change - Role for the IMF

2016-07-11 Nature
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Release : 2016-07-11
Genre : Nature
Kind : eBook
Book Rating : 093/5 ( reviews)

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Book Synopsis Small States Resilience to Natural Disasters and Climate Change - Role for the IMF by : International Monetary Fund

Download or read book Small States Resilience to Natural Disasters and Climate Change - Role for the IMF written by International Monetary Fund. This book was released on 2016-07-11. Available in PDF, EPUB and Kindle. Book excerpt: Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP—more than four times that for larger countries. This reflects a higher frequency of disasters, adjusted for land area, as well as greater vulnerability to severe disasters. About 9 percent of disasters in small states involve damage of more than 30 percent of GDP, compared to less than 1 percent for larger states. Greater exposure to disasters has important macroeconomic effects on small states, resulting in lower investment, lower GDP per capita, higher poverty, and a more volatile revenue base.

Building Resilience to Natural Disasters: An Application to Small Developing States

2017-10-30 Business & Economics
Download Building Resilience to Natural Disasters: An Application to Small Developing States PDF Online Free

Author :
Release : 2017-10-30
Genre : Business & Economics
Kind : eBook
Book Rating : 296/5 ( reviews)

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Book Synopsis Building Resilience to Natural Disasters: An Application to Small Developing States by : Ricardo Marto

Download or read book Building Resilience to Natural Disasters: An Application to Small Developing States written by Ricardo Marto. This book was released on 2017-10-30. Available in PDF, EPUB and Kindle. Book excerpt: We present a dynamic small open economy model to explore the macroeconomic impact of natural disasters. In addition to permanent damages to public and private capital, the disaster causes temporary losses of productivity, inefficiencies during the reconstruction process, and damages to the sovereign's creditworthiness. We use the model to study the debt sustainability concerns that arise from the need to rebuild public infrastructure over the medium term and analyze the feasibility of ex ante policies, such as building adaptation infrastructure and fiscal buffers, and contrast these policies with the post-disaster support provided by donors. Investing in resilient infrastructure may prove useful, in particular if it is viewed as complementary to standard infrastructure, because it raises the marginal product of private capital, crowding in private investment, while helping withstand the impact of the natural disaster. In an application to Vanuatu, we find that donors should provide an additional 50% of pre-cyclone GDP in grants to be spent over the following 15 years to ensure public debt remains sustainable following Cyclone Pam. Helping the government build resilience on the other hand, reduces the risk of debt distress and at lower cost for donors.

Building the Resilience of Small States

2014-09-08 Business & Economics
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Release : 2014-09-08
Genre : Business & Economics
Kind : eBook
Book Rating : 284/5 ( reviews)

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Book Synopsis Building the Resilience of Small States by : Denny Lewis-Bynoe

Download or read book Building the Resilience of Small States written by Denny Lewis-Bynoe. This book was released on 2014-09-08. Available in PDF, EPUB and Kindle. Book excerpt: Some small states enjoy relatively high GDP per capita –giving the impression of economic strength – when in reality these economies are fragile and disproportionately affected by adverse economic shocks, natural disasters and extreme weather events. The Commonwealth resilience framework has been developed to identify both the national policies required to build resilience and the areas in which regional and international development partners can provide support. This study refines and expands the framework to cover areas such as governance, environmental management and social development. It proposes policy measures for building resilience and ways in which the resilience framework for small states can be embedded in national planning to help stakeholders to agree priority areas for policy intervention.

Climate and Disaster Resilience Financing in Small Island Developing States

2016-11-10
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Release : 2016-11-10
Genre :
Kind : eBook
Book Rating : 917/5 ( reviews)

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Book Synopsis Climate and Disaster Resilience Financing in Small Island Developing States by : OECD

Download or read book Climate and Disaster Resilience Financing in Small Island Developing States written by OECD. This book was released on 2016-11-10. Available in PDF, EPUB and Kindle. Book excerpt: Storms, hurricanes, and cyclones have been a feature of life on Small Island Developing States (SIDS) for centuries. But climate change is now increasing the intensity of these disasters, as well as creating new developmental challenges - like rising sea levels and increasing ocean acidity - ...

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