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Quantitative Vulnerability Assessment for Economic Systems

Vulnerability and the Process of Recovery for Households and Companies in Phang-Nga and Phuket Provinces in Thailand

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Philipp Willroth

In 2004 tsunami waves caused huge economic losses along the coastline of Southern Thailand. These resulted from direct damages and the following economic downturn. This study investigates the factors that led to this vulnerable situation. One of the greatest challenges in vulnerability research is the quantification. To answer this question, a wide database has been used, encompassing highly accurate remote sensing data, quantitative surveys and qualitative focus group discussion data. These data have been integrated in a structural equation model to reproduce factors and relations leading to the hazard induced effects and the capabilities to cope with. The model showed that the impact was almost completely compensated for by households’ and companies’ internal and external resilience capabilities.

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6 Characterisation of the study area and the effects of the 2004 tsunami

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6.1 Economic situation in southern Thailand The tsunami affected the six provinces of Ranong, Phang-Nga, Phuket, Krabi, Trang and Satun in the south of Thailand along the Andaman coastline (cp. Map 4). Map 4: Affected provinces on the west coast of Thailand (Provided by author) Myanmar Malaysia Ranong Krabi P hu ke t Satun Trang Phang-Nga 0 50 10025 km 92 6 Characterisation of the study area and the effects of the 2004 tsunami 6.1 Economic situation in southern Thailand The tsunami affected the six provinces of Ranong, Phang-Nga, Phuket, Krabi, Trang and Satun in the south of Thailand along the Andaman coastline (cp. Map 4). Map 4: Affected provinces on the west coast of Thailand (Provided by author) Myanmar Malaysia Ranong Krabi P hu ke t Satun Trang Phang-Nga 0 50 10025 km 93 Together, the six provinces accounted for nearly 3 % of the total gross do- mestic product of the Kingdom of Thailand in 2008. The economic situation in these six provinces is highly uneven. While the Phuket Province has one of the highest income levels of all provinces in Thailand, with close to 5,000 € per Per- son in 2009, all the other tsunami-affected provinces show a significantly lower income than that of the kingdom as a whole. The most southern provinces of Trang and Satun in particular have a GPP which is one-third lower than the GDP. The Phuket Province has a long tradition as an economic hub for the southern region. With the commencement...

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