Economic impact of natural disasters on development in the Pacific / [authors Emily McKenzie, Biman Prasad, Atu Kaloumaira].

"This research was commissioned and funded by the Australian Agency for International Development (AusAID). It was managed by USP Solutions and jointly conducted by the University of the South Pacific (USP) and by the South Pacific Applied Geoscience Commission (SOPAC)"--Cover.

Includes bibliographical references.

Vol. 1 Research report -- v. 2 Economic assessment tools.

This report describes the findings of a research project that took place between October 2004 and April 2005. The first phase of the project involved development of a framework to assist decision-making on the efficient and effective allocation of resources for disaster risk management (DRM). The objectives of the first phase were to develop a framework for assessing the impact of future natural disasters in Pacific Island countries, and construct a model for assessing the relative effectiveness and cost-benefit ratio of various DRM measures. The second phase assessed the economic impact of a selection of natural hazards on particular economic sectors, and the impact and cost-effectiveness of a range of DRM measures. the results demonstrated that past natural hazards have resulted in significant short-term and long-term direct, indirect and intangible impacts.