The Natural Disasters Vulnerability Evaluation Model (NDVE-Model): An Application to the Northeast Japan Earthquake and Tsunami of March 2011

Disasters Journal, Special Issue: The 2011 Great East Japan Earthquake, 38(S2): s206-s229.

Posted: 18 Dec 2012 Last revised: 28 Feb 2015

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

Sufei Yap

Independent

Donghyun Park

Nanyang Technological University (NTU); Asian Development Bank

Date Written: June 11, 2014

Abstract

Natural hazards have a potentially large impact on economic growth but measuring their economic impact is subject to a great deal of uncertainty. The central objective of our paper is to set forth a model – the natural disasters vulnerability evaluation (NDVE) model – to evaluate the impact of natural hazards on GNP growth. The model is based on five basic indicators – (i) the total natural hazards frequency rate (α); (ii) the national natural hazards vulnerability rate (ΩT); (iii) the natural disaster devastation magnitude rate (Π); (iv) the economic desgrowth rate (δ); (v) and the natural hazards vulnerability surface (NHV Surface). In addition, we apply the NDVE Model to the Northeast Japan earthquake and tsunami of March 2011 to evaluate its impact on the Japanese economy.

Keywords: Natural disaster, economic desgrowth, Japan

JEL Classification: Q54, O40

Suggested Citation

Ruiz Estrada, Mario Arturo and Yap, Sufei and Park, Donghyun, The Natural Disasters Vulnerability Evaluation Model (NDVE-Model): An Application to the Northeast Japan Earthquake and Tsunami of March 2011 (June 11, 2014). Disasters Journal, Special Issue: The 2011 Great East Japan Earthquake, 38(S2): s206-s229. . Available at SSRN: https://ssrn.com/abstract=2191241

Mario Arturo Ruiz Estrada (Contact Author)

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

Kuala Lumpur, 50603
Malaysia
+60126850293 (Phone)

HOME PAGE: http://ssrc.um.edu.my/

Sufei Yap

Independent ( email )

No Address Available

Donghyun Park

Nanyang Technological University (NTU) ( email )

S3 B2-A28 Nanyang Avenue
Singapore, 639798
Singapore

Asian Development Bank

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

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