Data requirements for ARIO economic assessment model

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Prices and labour - continued ◮ Model price effects as follows: ◮ Decrease in supply of goods ⇒ price of goods increases ⇒ demand for goods decreases. ◮ Income decreases/increases based on demand for labour ⇒ decrease/increase in demand for goods. ◮ Elasticity parameters determine magnitude of response. ◮ Price data from previous floods could help choose parameters, but could use standard values. ◮ Labour: Depending on desired output from economic module, may need labour (employment) data.
Summary of data requirements ◮ Essential data: ◮ Input-output table; ◮ Data/information to localize table; ◮ If table out of date, current output by sector; ◮ Capital stock damage from previous floods or damage functions. ◮ Desirable data: ◮ Capital-output ratios by sector; ◮ Recovery time for previous floods; ◮ Additional imports during floods; ◮ Price/quantity changes during floods; ◮ Labour force?
Page 1 and 2: Data requirements for ARIO economic
Page 3 and 4: Outline 1. Brief overview of model
Page 5 and 6: Model overview - continued ◮ Sinc
Page 7 and 8: Input-output table - continued ◮
Page 9 and 10: Flood damage - continued ◮ Next m
Page 11: Prices and labour ◮ Input-output

Data requirements for ARIO economic assessment model

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