Shahid Beheshti University Journal of Economics and Modelling 2476-5775 1 3 2010 11 22 Estimating Monetary Damages and Loss of Life Caused by a Relatively Powerful Earthquake in Tehran and Assessing its Impact on Total Output and Economic Growth Estimating Monetary Damages and Loss of Life Caused by a Relatively Powerful Earthquake in Tehran and Assessing its Impact on Total Output and Economic Growth 67 84 57551 FA Mohammad Noferesti Department of Economics,Faculty of Economics and Political Science, Shahid Beheshti University Radineh Mousavi Shahid Beheshti University, PhD Student, in Dubai Journal Article 2011 06 22 In this article, the effects of monetary damages and loss of human lives, caused by a relatively powerful earthquake in Tehran, are estimated at the level of country’s output and economic growth. The results indicate that if in 1389 a hypothetical earthquake with a 5.5 on the Richter scale would have occurred in Tehran during the day time or at night, damage caused by buildings destruction would have been around 989470 billion Rials and the death would have been 416 thousands in the day time and 541 thousands at night. Such an earthquake in 1389, would have caused output to reduce by 27400 billion Rials in 1376 constant prices. This amounts to a 5.5 percent reduction in total output relative to the case of not occuring an earthquake in that year.   In this article, the effects of monetary damages and loss of human lives, caused by a relatively powerful earthquake in Tehran, are estimated at the level of country’s output and economic growth. The results indicate that if in 1389 a hypothetical earthquake with a 5.5 on the Richter scale would have occurred in Tehran during the day time or at night, damage caused by buildings destruction would have been around 989470 billion Rials and the death would have been 416 thousands in the day time and 541 thousands at night. Such an earthquake in 1389, would have caused output to reduce by 27400 billion Rials in 1376 constant prices. This amounts to a 5.5 percent reduction in total output relative to the case of not occuring an earthquake in that year.   https://ecoj.sbu.ac.ir/article_57551_23b9a232714d5d8f451f370526fea97d.pdf