Methodological issues in natural disaster loss normalization studies

Botzen, W J Wouter, Estrada, Francisco and Tol, Richard S J (2020) Methodological issues in natural disaster loss normalization studies. Environmental Hazards. pp. 1-4. ISSN 1747-7891

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The mixed results in Pielke (2020) for natural disaster loss normalisation studies are due to methodological differences. Flaws exist in commonly used normalisation approaches that assume unitary elasticities between exposure indicators and losses. We refute Pielke’s arguments that statistical studies estimating these relationships are biased. We conclude with an agenda for future research.

Item Type: Article
Schools and Departments: University of Sussex Business School > Economics
SWORD Depositor: Mx Elements Account
Depositing User: Mx Elements Account
Date Deposited: 06 Oct 2020 07:01
Last Modified: 12 Nov 2020 16:00

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