Reference : Quantifying the Local Economic Growth Impact of Hurricane Strikes: An Analysis from O...
Scientific journals : Article
Physical, chemical, mathematical & earth Sciences : Multidisciplinary, general & others
http://hdl.handle.net/10993/12377
Quantifying the Local Economic Growth Impact of Hurricane Strikes: An Analysis from Outer Space for the Caribbean
English
Bertinelli, Luisito mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Strobl, Eric mailto []
Aug-2013
Journal of Applied Meteorology & Climatology
American Meteorological Society
52
8
1688-1697
Yes (verified by ORBilu)
International
1558-8424
[en] Hurricanes ; GIS ; Satellite observations
[en] Studies of the impact of hurricanes on economic activity typically are restricted to a very aggregate level of analysis because of the lack of spatially disaggregated data. In this paper nightlight satellite imagery is employed as a measure of local economic activity in conjunction with a local proxy for potential hurricane destruction generated from a wind field model to statistically assess the impact of hurricane strikes on local economic growth. The regression results suggest that on average hurricane strikes reduce income growth by around 1.5% at the local level, with no effect beyond the year of the strike. This estimated impact from localized data is more than 2 times that implied by aggregate analyses.
http://hdl.handle.net/10993/12377

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