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An economic framework for the development of a resilience index for business recovery

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TLDR
In this article, the authors examine existing resilience indices in relation to economic principles and evaluate their potential to gauge and improve post-disaster economic recovery, with a focus on businesses, and conclude that the majority of indicators in use to date are not necessarily pertinent to measuring resilience at the micro-, meso- and macroeconomic levels in the aftermath of a disaster.
Abstract
Several attempts have recently been made to identify the key indicators of community resilience and to group them into an overall resilience index. These studies support the evaluation of the effectiveness of resilience during recovery, and they also help establish a yardstick by which to monitor progress in resilience enhancement over time. We examine existing resilience indices in relation to economic principles and evaluate their potential to gauge and improve post-disaster economic recovery, with a focus on businesses. We conclude that the majority of indicators in use to date are not necessarily pertinent to measuring resilience at the micro-, meso- and macro-economic levels in the aftermath of a disaster. Contending that business behavior is the key to short-term recovery, we propose a framework for choosing appropriate short-run indicators toward the goal of developing an effective economic resilience index.

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Journal ArticleDOI

Identifying Unwanted Conditions through Chaotic Area Determination in the Context of Indonesia’s Economic Resilience at the City Level

TL;DR: In this paper, a new approach in determining economic resilience was developed to overcome the weaknesses of the index method commonly used internationally, which was tested massively involving all 514 cities in Indonesia from 2015 to 2019, covering the components of the modifier variable: local revenue (PAD), poverty, unemployment and concern variable; GRDP and population.
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Do behaviours in cultural markets affect economic resilience? An analysis of the Italian regions

TL;DR: In this article, the authors investigate the relation between the economic resilience and cultural behaviour, resorting to the evidence provided by the 20 Italian regions at the time of the Great Recession, considering specific cultural behaviours, which provide a specific meaning of culture; its relation with the resilience ability of regions is analysed.

Institutional resilience along the mississippi gulf coast in the context of pre- and post-hurricane katrina

TL;DR: In this article, the authors discuss the role of institutions in building resilience at the community level and propose a framework for disaster resilience at a community level, which is based on the BRIC Institutional Resilience Indicator (IRI).
Posted Content

Promoting the sustainable development of small island developing states: insights from vulnerability and resilience analysis

TL;DR: In this paper, a generic method to compute a composite index of vulnerability and resilience from a sustainable development perspective: the Net Vulnerability-Resilience Index (NVRI) is proposed.
References
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Journal ArticleDOI

Disaster Resilience Indicators for Benchmarking Baseline Conditions

TL;DR: In this article, the authors provide a methodology and a set of indicators for measuring baseline characteristics of communities that foster resilience by establishing baseline conditions, it becomes possible to monitor changes in resilience over time in particular places and to compare one place to another.
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Modeling Regional Economic Resilience to Disasters: A Computable General Equilibrium Analysis of Water Service Disruptions*

TL;DR: In this paper, a case study of the sectoral and regional economic impacts of a disruption to the Portland Metropolitan Water System in the aftermath of a major earthquake is presented, where operational definitions of individual business and regional macroeconomic resilience, linking production function parameters to various types of producer adaptations in emergencies, and decomposing partial and general equilibrium responses.
Journal ArticleDOI

Economic resilience to natural and man-made disasters: Multidisciplinary origins and contextual dimensions

TL;DR: In this article, the authors distinguish static economic resilience (efficient allocation of existing resources) from dynamic economic resilience(speeding recovery through repair and reconstruction of the capital stock) and propose operational definitions that incorporate this important distinction.
Journal ArticleDOI

Defining and measuring economic resilience to disasters

TL;DR: This paper summarized recent progress in the conceptual and empirical modeling of resilience, including the incorporation of disequilibria and the recalibration of key behavioral parameters on the basis of empirical data.
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