Article (Scientific journals)
Quantifying the Local Economic Growth Impact of Hurricane Strikes: An Analysis from Outer Space for the Caribbean
Bertinelli, Luisito; Strobl, Eric
2013In Journal of Applied Meteorology and Climatology, 52 (8), p. 1688-1697
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Keywords :
Hurricanes; GIS; Satellite observations
Abstract :
[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.
Disciplines :
Physical, chemical, mathematical & earth Sciences: Multidisciplinary, general & others
Author, co-author :
Bertinelli, Luisito ;  University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA)
Strobl, Eric
Language :
English
Title :
Quantifying the Local Economic Growth Impact of Hurricane Strikes: An Analysis from Outer Space for the Caribbean
Publication date :
August 2013
Journal title :
Journal of Applied Meteorology and Climatology
ISSN :
1558-8424
Publisher :
American Meteorological Society
Volume :
52
Issue :
8
Pages :
1688-1697
Peer reviewed :
Peer Reviewed verified by ORBi
Available on ORBilu :
since 29 November 2013

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