Economic Consequences of the 2013 Catastrophic Flood in the Far East
B.N. PORFIRIEV
Institute of Economic Forecasting, Russian Academy of Sciences, Nakhimov av., 47, Moscow, 117418, Russia
Keywords: природные бедствия, наводнения, Дальневосточный регион, прямой экономический ущерб, полный экономический ущерб, natural disasters, floods, Far Eastern Federal District, direct economic damage, total economic damage
Abstract
The article contemplates a generic algorithm and elements of the assessment of the damage inflicted by natural disasters in terms of macroeconomic impact, studying the direct economic aftermath of the disastrous flood in the Russian Far East in autumn 2013. The findings are verified by comparison with those obtained by employing alternative assessment techniques and contrasted with evaluations of the damage caused by the said disaster provided by international reinsurance companies.
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