You are not logged in You are not logged in to this journal. Log In

Earthquake Spectra / Volume 27 / Issue 2 / MANUSCRIPTS

Earthquake Spectra 27, pp. 559-573 (2011); doi:http://dx.doi.org/10.1193/1.3582849

Economic Resilience Lessons from the ShakeOut Earthquake Scenario

Anne Wein, M.EERI1 and Adam Rose, M.EERI2

1U.S., Geological Survey, 345 Middlefield Rd., Menlo Park, CA 94025
2University of Southern California, 310 RTH, 3710 McClintock Ave., Los Angeles, CA 90089

Full Text: Read Online (HTML) | Download PDF | Buy PDF (US$25) | View Cart
Following a damaging earthquake, “business interruption” (BI)—reduced production of goods and services—begins and continues long after the ground shaking stops. Economic resilience reduces BI losses by making the best use of the resources available at a given point in time (static resilience) or by speeding recovery through repair and reconstruction (dynamic resilience), in contrast to mitigation that prevents damage in the first place. Economic resilience is an important concept to incorporate into economic loss modeling and in recovery and contingency planning. Economic resilience framework includes the applicability of resilience strategies to production inputs and output, demand- and supply-side effects, inherent and adaptive abilities, and levels of the economy. We use our resilience framework to organize and share strategies that enhance economic resilience, identify overlooked resilience strategies, and present evidence and structure of resilience strategies for economic loss modelers. Numerous resilience strategies are compiled from stakeholder discussions about the ShakeOut Scenario (Jones et al. 2008). Modeled results of ShakeOut BI sector losses reveal variable effectiveness of resilience strategies for lengthy disruptions caused by fire-damaged buildings and water service outages. Resilience is a complement to mitigation and may, in fact, have cost and all-hazards advantages.

© 2011 Earthquake Engineering Research Institute

KEYWORDS and PACS

Keywords

business continuity, earthquakes, microeconomics

PACS

  • 89.65.Gh

    Economics; econophysics, financial markets, business and management

RELATED DATABASES

To view database links for this article, you need to log in.

ARTICLE DATA

History
Received 29 December 2009
Accepted 16 May 2010
Digital Object Identifier
http://dx.doi.org/10.1193/1.3582849

PUBLICATION DATA

ISSN

8755-2930 (print)  

Publisher

$abstract.society.value is a Member of CrossRef Earthquake Engineering Research Institute

For access to fully linked references, you need to log in.

Close

Your Recent History Recent History Help

Recently Viewed

  1. Economic Resilience Lessons from the ShakeOut Earthquake Scenario
  2. Economic Impacts of the ShakeOut Scenario
  3. Recovering from the ShakeOut Earthquake
  4. The ShakeOut Scenario: Meeting the Needs for Construction Aggregates, Asphalt, and Concrete
  5. Public Response to a Catastrophic Southern California Earthquake: A Sociological Perspective
Copyright © Earthquake Engineering Research Institute
Help Contact
close