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Economic resilience: definition and measurement (English)

The welfare impact of a disaster does not only depend on the physical characteristics of the event or its direct impacts in terms of lost lives and assets. Welfare impacts also depend on the ability of the economy to cope, recover, and reconstruct and therefore to minimize aggregate consumption losses. This ability can be referred to as the macroeconomic resilience to natural disasters. Macroeconomic resilience has two components: instantaneous resilience...
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Hallegatte,Stephane.

Economic resilience: definition and measurement (English). Policy Research working paper ; no. WPS 6852 Washington, DC: World Bank Group. http://documents.worldbank.org/curated/en/350411468149663792

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