Impact assessment of water supply disruptions in the Swedish economy using the Inoperability Input-Output model
(2019) NEKN01 20191Department of Economics
- Abstract
- Increasing water demand and water security risks are global concerns for societal prosperity and business continuity as clean water is a critical input in several industrial processes. Understanding water risks is a complex field and few studies exists on the effects of water supply disruptions on industries. Economic impact assessment of water shortages is therefore important for insurance and risk management efforts to increase industry resilience to water supply insecurities.
The aim of this study is to explore the potential economic consequences of water supply disruptions in the Swedish economy. Economic loss and inoperability in Swedish industrial sectors following water disruption scenarios were estimated by taking advantage of... (More) - Increasing water demand and water security risks are global concerns for societal prosperity and business continuity as clean water is a critical input in several industrial processes. Understanding water risks is a complex field and few studies exists on the effects of water supply disruptions on industries. Economic impact assessment of water shortages is therefore important for insurance and risk management efforts to increase industry resilience to water supply insecurities.
The aim of this study is to explore the potential economic consequences of water supply disruptions in the Swedish economy. Economic loss and inoperability in Swedish industrial sectors following water disruption scenarios were estimated by taking advantage of existing input-output data and using the supply-side inoperability input-output model.
The most impacted sectors in terms of economic loss and inoperability are identified. The results indicate that there are potentially substantial economic losses following from a disruption in the water sector. Estimated economic losses differs between static and dynamic inoperability input-output models, which imply that it is important to consider sector recovery time to capture the full economic loss following a disruptive event. Furthermore, the need to understand industry resilience is highlighted as it affects industry recovery path and thus economic loss. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8986321
- author
- De Graaf, Emma LU
- supervisor
- organization
- course
- NEKN01 20191
- year
- 2019
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Input-output model, inoperability, economic loss, water supply disruption
- language
- English
- id
- 8986321
- date added to LUP
- 2019-08-08 10:32:51
- date last changed
- 2019-08-08 10:32:51
@misc{8986321,
abstract = {{Increasing water demand and water security risks are global concerns for societal prosperity and business continuity as clean water is a critical input in several industrial processes. Understanding water risks is a complex field and few studies exists on the effects of water supply disruptions on industries. Economic impact assessment of water shortages is therefore important for insurance and risk management efforts to increase industry resilience to water supply insecurities.
The aim of this study is to explore the potential economic consequences of water supply disruptions in the Swedish economy. Economic loss and inoperability in Swedish industrial sectors following water disruption scenarios were estimated by taking advantage of existing input-output data and using the supply-side inoperability input-output model.
The most impacted sectors in terms of economic loss and inoperability are identified. The results indicate that there are potentially substantial economic losses following from a disruption in the water sector. Estimated economic losses differs between static and dynamic inoperability input-output models, which imply that it is important to consider sector recovery time to capture the full economic loss following a disruptive event. Furthermore, the need to understand industry resilience is highlighted as it affects industry recovery path and thus economic loss.}},
author = {{De Graaf, Emma}},
language = {{eng}},
note = {{Student Paper}},
title = {{Impact assessment of water supply disruptions in the Swedish economy using the Inoperability Input-Output model}},
year = {{2019}},
}