CRITICAL REVIEW OF METHODOLOGIES ON DISASTER IMPACT ESTIMATION1

1 CRITICAL REVIEW OF METHODOLOGIES ON DISASTER IMPACT ESTIMATION 1 YASUHIDE OKUYAMA Graduate School of International Relations, International University of Japan, Niigata, Japan ABSTRACT The main aim of this paper is to provide an overview and a critical a nalysis of the methodologies used for estimating the economic impact of disaster. Based on the critical review of methodologies, especially those recently progressed, such as input - output, social accounting, and computable general equilibrium models, the paper presents the strengths and weaknesses of the methodologies. In addition, the issues of impact estimation when applied to developing countries are discussed and analyzed. 1 This background paper was prepared as an input into the joint World Bank – UN Assessment on the Economics of Disaster Risk Reduction. The author would like to express gratitude to Apurva Sanghi and Sebnem Sahin for their support, encouragement, and patience.