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© 2020 The Author(s). Published by IOP Publishing Ltd.Tropical cyclones (TCs) have devastating impacts and are responsible for significant damage. Consequently, for TC-induced direct economic loss (DEL) attribution all factors associated with risk (i.e. hazard, exposure and vulnerability) must be examined. This research quantifies the relationship between TC-induced DELs and maximum wind speed, asset value and Gross Domestic Product (GDP) per capita using a regression model with TC records from 2000 to 2015 for China's mainland area. The coefficient of the maximum wind speed term indicates that a doubling of the maximum wind speed increases DELs by 225% [97%, 435%] when the other two variables are held constant. The coefficient of the asset value term indicates that a doubling of asset value exposed to TCs increases DELs by 79% [58%, 103%]; thus, if hazard and vulnerability are assumed to be constant in the future, then a dramatic escalation in TC-induced DELs will occur given the increase in asset value, suggesting that TC-prone areas with rapid urbanization and wealth accumulation will inevitably be subject to higher risk. Reducing the asset value exposure via land-use planning, for example, is important for decreasing TC risk. The coefficient of GDP per capita term indicates that a doubling in GDP per capita could decrease DELs by 54% [39%, 66%]. Because accumulated assets constantly increase people's demand for improved security, stakeholders must invest in risk identification, early warning systems, emergency management and other effective prevention measures with increasing income to reduce vulnerability. This research aims to quantitatively connect TC risk (expected DELs, specifically) to physical and socioeconomic drivers and emphasizes how human dimensions could contribute to TC risk. Moreover, the model can be used to estimate TC risk under climate change and future socioeconomic development in the context of China.

DOI: 10.1088/1748-9326/ab9be2 MAG ID: 3035547253