Using virtual laboratories for disaster analysis - a case study of Taiwan

Futu Faturay*, Ya-Yen Sun, Erik Dietzenbacher, Arunima Malik, Arne Geschke, Manfred Lenzen

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

5 Citations (Scopus)

Abstract

Due to its geographic location, Taiwan frequently experiences severe natural disasters (for example earthquakes and typhoons) that significantly interrupt business operations and subsequently cause extensive financial losses. Prior work on economic losses resulting from such natural disasters in Taiwan has not considered regional and sectoral spillover effects. In this work, we estimate the economic impacts resulting from the 1999 Chichi earthquake, the 2009 typhoon Morakot, the 2016 Tainan earthquake, and the 2016 typhoon Megi. We do so in the new TaiwanLab, a collaborative virtual laboratory that is capable of generating a time-series of subnational multiregional input-output (MRIO) tables, capturing interregional transactions among 267 sectors across Taiwan's 22 city-counties. We identify critical economic sectors in regions of high vulnerability to natural disasters. Our research is, thus, a credible reference to decision-making that determines regional and sectoral prioritisation for damage mitigation, improved resiliency, and faster recovery schedules.

Original languageEnglish
Pages (from-to)58-83
Number of pages26
JournalEconomic Systems Research
Volume32
Issue number1
Early online date28-May-2019
DOIs
Publication statusPublished - 2020

Keywords

  • Disaster
  • Taiwan
  • multiregional input-output analysis
  • MRIO
  • virtual laboratory
  • INPUT-OUTPUT MODEL
  • JAPANESE EARTHQUAKE
  • NATURAL DISASTER
  • ECONOMIC-IMPACT
  • RISK-ASSESSMENT
  • INOPERABILITY
  • FRAMEWORK
  • TOURISM
  • DAMAGE
  • FLOOD

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