Japan(including government,media and public) showed impressive courage,bravery and capacity to respond to the natural disaster . © 2008-2020 ResearchGate GmbH. the estimated results and some natures of direct stock losses. larger indirect losses. They account for about 7.8% of GDP. ... Few empirical evidence exists though. That is, the official estimate of direct losses in, some facilities like roads, bridges and harbor were, characteristics may reflect the nature of si, use it includes the real estate industry which lost a quite, rding to our estimates. Disaster management policy should be improved by paying attention not only to direct losses but also to indirect losses. It had a magnitude of 7.3 and killed more than 6,400 people. It lasted for 20 seconds and had a magnitude of Mw6.8 on Moment Magnitude Scale. The importance of distinguishing between direct and indirect losses of disasters is stressed. It is called to be integrated of order 1. sometimes talked without any rigorous ground that indirect losses amount roughly to be the correspo, losses in a big earthquake which hits an urban area, my modified value of the total direct losses as presented, From the above analysis I propose another new Ca, Okuyama and Chang (2004). It is also evident that smaller-scaled enterprises, e first two years period in total records almost equal values with those of the. 2014a, b). About 80% of the earthquake waste, in terms of weight, was incombustible garbage, of which 70-80% was concrete and mortar, and the rest was steel frames and aluminum sashes. Abstract The conventional wisdom that the devastation wrought by the 1995 Kobe (Great Hanshin-Awaji) earthquake did not have any long-term impact on the Japanese economy, or much impact on Kobe … Each disaster reminds us that, from an economic standpoint, losses do not occur instantaneously, but are accumulated over the course of a sometimes long and complex recovery process. East Asia Forum welcomes comments, both for adding depth to analysis and for bringing up important new issues. 3. losses, the commercial and the other services sectors show far greater damage than the manufacturing sector. From this equation I can derive a without-disaster line. These signals can come in different ways: from policy makers showing their strong commitment to restore the community by providing financial support and/or restoration of lifeline infrastructure; or from the neighbors showing their willingness to reconstruct. In the following we do not use the word of, on disaster losses due to vulnerable built and socio, Rose, et al. For the case of the Great Hanshin- Awaji (Kobe) Earthquake of 1995, direct stock losses of both the manufacturing and the commercial sectors record almost same size of big damage. Modeling Spatial and Economic Impacts of Disasters, d D. Lim (1997) The Regional Economic Impact of a, Meeting of Japan Association for Risk Stu, ect of Socioeconomic Impact due to Earthquake Disaster, Direct Losses from Earthquakes for Each Local. KOBE EARTHQUAKE OF 1995. s, the commercial and the other services sectors show far, nger than 10 years, mounting to some 14 trillion yen (about, trillion). Rose, A., Benavides, S. E. Chang, P. Szczeniak, an, 9. Okuyama and Chang distinguish three inte, a substantial initial loss, then gets a small gain before retu, never-recovering process and eventually attains a new equilib, loss heavily depends on the recovery time-path. The Disaster Relief, Victims was enacted in 1998, which was not appl, ones of some big disasters after 1998. In the last part of the paper, some implications from my findings will be deducted. We quantify the ‘permanent’ socio-economic impacts of the Great Hanshin-Awaji (Kobe) earthquake in 1995 by employing a large-scale panel data set of 1,719 wards from Japan over three decades. SNA (= System of National Accounts) is an international standard system of national accounts. Some early papers concluded that the devastation wrought by the 1995 Kobe earthquake did not have any long-term impact on the Japanese economy, nor much impact on Kobe itself , though others were less sanguine about the disasters impact . The earthquake hit at 5:46 am on Tuesday, Jan. 17, 1995, in the southern part of Hyōgo prefecture, west-central Honshu.It lasted about 20 seconds and registered as a magnitude 6.9 (7.3 on the Richter scale). They together destroyed over 150,000 buildings and left about 300,000 people homeless. were measured by accounting definition, while the ones of, Figure 2. The January 17, 1995, magnitude (M) 7.2, Kobe (Hyogo-Ken Nanbu) earthquake wrote a new chapter in the active seismotectonics of the Japan subduction zone. We quantify the ‘permanent’ socio-economic impacts of the Great Hanshin-Awaji (Kobe) earthquake in 1995 by employing a large-scale panel dataset of 1,719 cities, towns, and wards from Japan over three decades. Furthermore, inclusions of indirect economic effects at the macro-/meso-scale would give a better indication of the total effects of catastrophic flooding. The 10-metre tsunami wreaked its independent, terrifying destruction. The results further highlight the significant impact of discount factor and the accuracy of the signals on the percentage of reconstruction. This is not the Tokyo ‘big one.’ Tokyo also withstood a major buffeting but is already back in business. First and most, s enacted in 1998) had existed at the time of Ko, i, about 6.9 trillion yen were out flowed to outside of, Report on Comprehensive Evaluation of Recovery of 10 Ye. (1997)). This earth quake had a terrible short term as well as long term affects. Original comments adding insight and contributing to analysis are especially encouraged. The central government aids the local municipalities through subsidies and tax money allocated to, local governments. At global/continental scale, there is a clear need for harmonised information on flood defences to improve assessments. Direct loss occurs only at the initial st, resting possible cases. There exist several disaster m, Countermeasures Basic Act, which was enacted in 1961. For the case of the Great Hanshin-Awaji (Kobe) Earthquake of 1995, direct stock losses of both the manufacturing and the commercial sectors record almost same size of big damage. 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