Quotation Naqvi, Syed Ali Asjad, Miriam, Rehm. 2014. Simulating Natural Disasters - A Complex Systems Framework. IEEE Computational Intelligence for Financial Engineering & Economics 2014, London, Gro├čbritannien, 27.03.-28.03.


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Abstract

This paper summarizes the SHELscape model, a complex systems framework developed for understanding economic transitions after natural disasters. The model is spatially defined with two agent categories (workers and owners) across two region types (rural and urban) producing two types of goods (food and a tradeable good). Seven behavioral modules define the setup of a low-income agrarian economy. A stylized calibrated system is subjected to a food production shock and changes of population, incomes, and consumption distributions are tracked. Coping mechanisms result in temporary consumption smoothing through savings; however, a large majority of the population still falls below the consumption poverty line. Two policy options, a cash transfer and a food transfer scheme, and their effects on the region are tested. Results show that income transfers result in higher income inequality while the food transfer scheme increases the rate of savings growth. The aim of this paper is to highlight how an agent-based framework can be used to study complex systems especially when data is weak and an immediate policy response is required.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Simulating Natural Disasters - A Complex Systems Framework
Event IEEE Computational Intelligence for Financial Engineering & Economics 2014
Year 2014
Date 27.03.-28.03
Country United Kingdom
Location London
URL http://ieeexplore.ieee.org/xpl/articleDetails.jsp?arnumber=6924103

Associations

People
Naqvi, Syed Ali Asjad (Former researcher)
External
Miriam, Rehm (Arbeiterkammer Wien, Austria)
Organization
Institute for Ecological Economics IN (Details)
Research areas (├ľSTAT Classification 'Statistik Austria')
5300 Economics (Details)
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