As we begin to assess the fire damage in Victoria, we must not overlook these hidden costs

By Sonia Akter, Associate Professor, Crawford School of Public Policy, Australian National University
Manh-Tien Bui, PhD Candidate in Economics, Australian National University
Quentin Grafton, Australian Laureate Professor of Economics, Crawford School of Public Policy, Australian National University

Devastated by widespread fires, Victoria has declared a state of disaster. More than 500 structures have reportedly been destroyed and 1,000 agricultural properties have been affected. Tragically, there has also been one fatality.

On Monday, the Victorian government announced…

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