Data requirements for ARIO economic assessment model
Data requirements for ARIO economic assessment model
Data requirements for ARIO economic assessment model
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Recovery period<br />
◮ In <strong>model</strong>, recovery is endogenous because output used to<br />
reconstruct capital stock.<br />
◮ However, adaptation affects speed of recovery ⇒<br />
adaptation parameters play role in determining pace of<br />
recovery.<br />
◮ Two mechanisms of adaptation:<br />
1. Overproduction;<br />
2. Additional imports.<br />
◮ <strong>Data</strong> on capacity to overproduce in aftermath of flood<br />
(unlikely) or increase in imports (perhaps more likely)<br />
would be helpful.