10.04.2013 Views

Data requirements for ARIO economic assessment model

Data requirements for ARIO economic assessment model

Data requirements for ARIO economic assessment model

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

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.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!