Importance of a victim-oriented recovery policy after major disasters |
| |
| Affiliation: | 1. Department of Mathematics, University of Zagreb, Bijenička 30, Zagreb, Croatia;2. Faculty of Mining, Geology and Petroleum Engineering, University of Zagreb, Pierottijeva 6, Zagreb, Croatia;1. Department of Mathematical Analysis and Applications of Mathematics, Faculty of Science, Palacký University, 17. listopadu 12, 771 46 Olomouc, Czech Republic;2. Department for Analysis and Scientific Computing, Vienna University of Technology, Wiedner Hauptstraße 8–10, A-1040 Wien, Austria;1. Department of International Economics and Trade, Institute of Resources, Environment, and Sustainable Development, College of Economics, Jinan University, Guangzhou 510632, China;2. Department of International Business, Tunghai University, Taiwan, ROC;1. Servicio de Urgencias, Hospital Universitario Puerta de Hierro-Majadahonda, Majadahonda, Madrid, España;2. Universidad Alfonso X El Sabio, Madrid, España;3. Servicio de Farmacia, Hospital Universitario Puerta de Hierro-Majadahonda, Majadahonda, Madrid, España;4. Servicio de Medicina Interna, Hospital Severo Ochoa de Leganés, Leganés, Madrid, España |
| |
| Abstract: | This paper employs a growth model with public infrastructure, which is included in both utility and production functions, and investigates the importance of a victim-oriented recovery policy after major natural disasters such as the 2011 Great East Japan Earthquake and Tsunami. More concretely, the role of deep parameters in the recovery process is closely examined. Through the analysis, we find that the magnitude of public concerns about infrastructure and the magnitude of the intertemporal elasticity of substitution substantially affect the progress of recovery. In terms of economic recovery in general, production activities tend to be emphasized, but our results imply that one should not disregard victim-oriented recovery. |
| |
| Keywords: | 2011 Great East Japan Earthquake and Tsunami Victim-oriented recovery policy Speed of convergence Public infrastructure E61 H54 O41 |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
