Estimation of economic loss by earthquakes in Taiwan Region
Abstract Earthquakes in the Taiwan region have caused significant economic losses. We develop a model to assess seismic economic losses in the Taiwan region using the records of economic losses caused by historical earthquakes. Unlike existing models, we introduce Gross National Income Per Capita (G...
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| Format: | Article |
| Language: | English |
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Nature Portfolio
2024-11-01
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| Series: | npj Natural Hazards |
| Online Access: | https://doi.org/10.1038/s44304-024-00030-x |
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| author | Yang Shi Yilong Li Zhenguo Zhang |
| author_facet | Yang Shi Yilong Li Zhenguo Zhang |
| author_sort | Yang Shi |
| collection | DOAJ |
| description | Abstract Earthquakes in the Taiwan region have caused significant economic losses. We develop a model to assess seismic economic losses in the Taiwan region using the records of economic losses caused by historical earthquakes. Unlike existing models, we introduce Gross National Income Per Capita (GNIPC) as a parameter that responds to the influence of socio-economic development. The results show that our model can accurately estimate the earthquake economic losses in Taiwan region. The difference between the results of this model and those of existing models is evident, indicating differences between the Taiwan region and mainland China regarding geological background, seismic tectonics, and social resistance to earthquakes. The prediction results also imply that the society significantly underestimates the seismic economic losses in the Taiwan region. Our model can help the Taiwan region in disaster prevention and preparedness, contingency planning, allocation of relief resources, and post-disaster socio-economic recovery. |
| format | Article |
| id | doaj-art-0a3803cccadc4d8f88bebb41782a113a |
| institution | Kabale University |
| issn | 2948-2100 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | Nature Portfolio |
| record_format | Article |
| series | npj Natural Hazards |
| spelling | doaj-art-0a3803cccadc4d8f88bebb41782a113a2024-11-10T12:08:39ZengNature Portfolionpj Natural Hazards2948-21002024-11-01111810.1038/s44304-024-00030-xEstimation of economic loss by earthquakes in Taiwan RegionYang Shi0Yilong Li1Zhenguo Zhang2Department of Earth and Space Sciences, Southern University of Science and TechnologySchool of National Safety and Emergency Management, Beijing Normal UniversityDepartment of Earth and Space Sciences, Southern University of Science and TechnologyAbstract Earthquakes in the Taiwan region have caused significant economic losses. We develop a model to assess seismic economic losses in the Taiwan region using the records of economic losses caused by historical earthquakes. Unlike existing models, we introduce Gross National Income Per Capita (GNIPC) as a parameter that responds to the influence of socio-economic development. The results show that our model can accurately estimate the earthquake economic losses in Taiwan region. The difference between the results of this model and those of existing models is evident, indicating differences between the Taiwan region and mainland China regarding geological background, seismic tectonics, and social resistance to earthquakes. The prediction results also imply that the society significantly underestimates the seismic economic losses in the Taiwan region. Our model can help the Taiwan region in disaster prevention and preparedness, contingency planning, allocation of relief resources, and post-disaster socio-economic recovery.https://doi.org/10.1038/s44304-024-00030-x |
| spellingShingle | Yang Shi Yilong Li Zhenguo Zhang Estimation of economic loss by earthquakes in Taiwan Region npj Natural Hazards |
| title | Estimation of economic loss by earthquakes in Taiwan Region |
| title_full | Estimation of economic loss by earthquakes in Taiwan Region |
| title_fullStr | Estimation of economic loss by earthquakes in Taiwan Region |
| title_full_unstemmed | Estimation of economic loss by earthquakes in Taiwan Region |
| title_short | Estimation of economic loss by earthquakes in Taiwan Region |
| title_sort | estimation of economic loss by earthquakes in taiwan region |
| url | https://doi.org/10.1038/s44304-024-00030-x |
| work_keys_str_mv | AT yangshi estimationofeconomiclossbyearthquakesintaiwanregion AT yilongli estimationofeconomiclossbyearthquakesintaiwanregion AT zhenguozhang estimationofeconomiclossbyearthquakesintaiwanregion |