This article provides a primer on the economic impact of flood risk. We present the more recent findings of the literature on natural disaster, focusing on floods. Then, we implement a simulation exercise, based on the estimates by Fatica et al. (2022), that quantifies the impact of flooding on the performance of European firms for different level of flood protection. Our results highlight the importance of protective measures that reduce the extent of inundated areas as an effective adaptation strategy leading to substantially lower negative impact for firms.
Addressing physical climate risk: the case of flood protection / S. Fatica, G. Katay, M. Rancan - In: Reference Collection in Social Sciences[s.l] : Elsevier, 2023. - ISBN 9780443157851. - pp. 1-3 [10.1016/B978-0-44-313776-1.00020-9]
Addressing physical climate risk: the case of flood protection
M. Rancan
2023
Abstract
This article provides a primer on the economic impact of flood risk. We present the more recent findings of the literature on natural disaster, focusing on floods. Then, we implement a simulation exercise, based on the estimates by Fatica et al. (2022), that quantifies the impact of flooding on the performance of European firms for different level of flood protection. Our results highlight the importance of protective measures that reduce the extent of inundated areas as an effective adaptation strategy leading to substantially lower negative impact for firms.File | Dimensione | Formato | |
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