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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Flood damage - continued<br />
◮ Next must convert capital stock damage to production<br />
constraint ⇒ need capital-output ratios.<br />
◮ If necessary, can use standard capital-output ratios.<br />
◮ Production capacity reduced by<br />
ˆD(i)<br />
, where <strong>for</strong> given l,<br />
κi VA(i)<br />
ˆD(i) = <br />
j D(i, j), κi is the capital-output ratio and<br />
VA(i) is pre-flood “value added”.<br />
◮ Value added is net output, i.e. not counting intermediate<br />
purchases.
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