THE ECONOMIC GROWTH IMPACT OF HURRICANES: EVIDENCE FROM U.S. COASTAL COUNTIES

被引：219
|
作者：
Strobl, Eric [1 ]
机构：
[1] Ecole Polytech Paris, Paris, France
来源：
REVIEW OF ECONOMICS AND STATISTICS | 2011年 / 93卷 / 02期
关键词：
UNITED-STATES; DISASTERS;
D O I：
10.1162/REST_a_00082
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
I estimate the impact of hurricane strikes on local economic growth rates. To this end, I assemble a panel data set of U.S. coastal counties' growth rates and construct a novel hurricane destruction index that is based on a monetary loss equation, local wind speed estimates derived from a physical wind field model, and local exposure characteristics. The econometric results suggest that a county's annual economic growth rate falls on average by 0.45 percentage points, 28% of it due to richer individuals moving away from affected counties. I also find that the impact of hurricanes is netted out in annual terms at the state level and does not affect national economic growth rates at all.
引用
收藏
页码：575 / 589
页数：15
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