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
Englisch

Erschienen in
Series: ADB Economics Working Paper Series ; No. 589

Klassifikation
Wirtschaft
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Environment and Growth
Climate; Natural Disasters and Their Management; Global Warming
Thema
economic impact
nightlights
Philippines
typhoons
wind field model

Ereignis
Geistige Schöpfung
(wer)
Strobl, Eric
Ereignis
Veröffentlichung
(wer)
Asian Development Bank (ADB)
(wo)
Manila
(wann)
2019

DOI
doi:10.22617/WPS190278-2
Handle
Letzte Aktualisierung
28.05.2041, 01:32 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Strobl, Eric
  • Asian Development Bank (ADB)

Entstanden

  • 2019

Ähnliche Objekte (12)