Arbeitspapier
The impact of typhoons on economic activity in the Philippines: Evidence from nightlight intensity
We quantify the economic impact of typhoons in the Philippines. To this end we construct a panel data set of local economic activity derived from nightlight intensity satellite images and a cell level measure of typhoon damage constructed from storm track data, a wind field model, and a stylized damage function. Our econometric results reveal that there is a statistically and potentially economically significant, albeit short- lived, impact of typhoon destruction on local economic activity. Constructing risk profiles from a 60-year historical set of storms suggests that (near) future losses in economic activity for frequent (5-year return period) and rare (50-year return period) events are likely to range from between 1.0% and 2.5%.
- Sprache
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Englisch
- Erschienen in
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Series: ADB Economics Working Paper Series ; No. 589
- Klassifikation
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Wirtschaft
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Environment and Growth
Climate; Natural Disasters and Their Management; Global Warming
- Thema
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economic impact
nightlights
Philippines
typhoons
wind field model
- Ereignis
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Geistige Schöpfung
- (wer)
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Strobl, Eric
- Ereignis
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Veröffentlichung
- (wer)
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Asian Development Bank (ADB)
- (wo)
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Manila
- (wann)
-
2019
- DOI
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doi:10.22617/WPS190278-2
- Handle
- Letzte Aktualisierung
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28.05.2041, 01:32 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Strobl, Eric
- Asian Development Bank (ADB)
Entstanden
- 2019