Economics of Natural Disasters and Climate Change

Inhaltsverzeichnis (Table of Contents)

• INTRODUCTION
• Problem Investigation and objectives
• Approach
• SCOPE AND COSTS OF NATURAL DISASTERS
• Reasons for Climate Change
• Appearance of Natural Disasters
• Costs of Natural Disasters
• Disaster Hedging with Cat Bonds
• Development of Disaster Bonds
• Application of Cat Bonds
• Cat Bonds versus Reinsurance
• ECONOMICS OF NATURAL DISASTERS
• Natural Disasters in a Neoclassical Economy
• Natural Disasters and Poverty Traps – Multiple Equilibria Models
• Macroeconomic Impacts of Natural Disasters
• Theoretical Negative Macroeconomic Impacts
• Theoretically Conceivable Positive Macroeconomic Impacts
• Weakness of the GDP Concept
• Evaluation of the Empirical Studies on the Macroeconomic Impacts by Natural Disasters
• Long-Term Negative Macroeconomic Effects of Natural Disasters
• Long-Term Positive Macroeconomic Effects of Natural Disasters
• Short-to Medium-Term Effects of Natural Disasters
• Alternative Methods for Determining the Effects
• Influencing Factors on the Vulnerability of Countries due to Natural Disasters
• GREEN GROWTH
• Background and Definition
• Roles of Green Growth Application in Disaster Risk Management and Climate Change Adaptation and Mitigation
• Trends of Increasing Vulnerability and Natural Disaster Risk in the Context of Socio-Economic Development
• The Path of Climate Change and Green Growth
• The Macroeconomics of Green Growth
• Valuing the Welfare of Future-Generations
• Aggregate Supply and Demand Analysis
• Financing Developing Countries Green Economies
• CASE STUDY
• CONCLUSION

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This Master Thesis aims to investigate the macroeconomic aspects and structural effects of natural disasters and climate change. The work examines the economic implications of these events, focusing on the potential for both negative and positive impacts on economic growth and development.

• The economic impacts of natural disasters and climate change
• The role of climate change in the frequency and intensity of natural disasters
• The macroeconomic effects of natural disasters, including both positive and negative impacts
• The concept of green growth and its potential for mitigating disaster risk and adapting to climate change
• The vulnerability of countries to natural disasters and the factors that influence this vulnerability

Zusammenfassung der Kapitel (Chapter Summaries)

The first chapter of the thesis introduces the topic of the economics of natural disasters and climate change, outlining the problem investigation and objectives of the study. It also discusses the approach taken in the research.

The second chapter delves into the scope and costs of natural disasters, exploring the reasons behind climate change and the increasing frequency and intensity of natural disasters. It further analyzes the economic costs associated with these events and examines disaster hedging strategies, such as the use of catastrophe bonds.

Chapter three focuses on the economics of natural disasters, analyzing the impact of natural disasters on a neoclassical economy and investigating the potential for multiple equilibria models, including poverty traps. It then examines the macroeconomic impacts of natural disasters, considering both theoretical negative and positive impacts. The chapter also addresses the limitations of using GDP as a measure of economic well-being in the context of natural disasters.

The fourth chapter explores the concept of green growth, providing a background on its definition and roles in disaster risk management, climate change adaptation, and mitigation. It examines the relationship between socio-economic development, vulnerability, and natural disaster risk, and discusses the macroeconomics of green growth, including the importance of valuing the welfare of future generations and financing green economies in developing countries.

Schlüsselwörter (Keywords)

The main keywords and focus topics of this thesis include natural disasters, climate change, macroeconomic impacts, green growth, vulnerability, disaster risk management, climate change adaptation, mitigation, and poverty traps. The research focuses on understanding the economic implications of natural disasters and climate change, exploring both the negative and positive effects on economic growth and development. The thesis also investigates the potential of green growth as a strategy for mitigating disaster risk and adapting to climate change.