Collalti, Dino (2024). The Economic Dynamics After a Flood: Evidence from Satellite Data. Environmental & resource economics Springer Netherlands 10.1007/s10640-024-00887-6
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This study investigates the effect of flash floods on local economic activity in Central America and the Caribbean. I measure these rarely analyzed floods by constructing a high-resolution, physically based index of flash flood occurrence from satellite data and connect these to changes in local night light emissions. After accounting for tropical cyclone activity, flash floods have a delayed, short-term negative effect on economic activity. In countries with a low to medium human development index (HDI), the average negative effect can be up to 5.6% in the following months. Countries with higher HDI appear more resilient and are only marginally affected. Also, flash floods exhibit a minor positive spatial spillover in low to medium HDI countries, besides their more substantial local negative effect. Due to their high frequency, flash floods have a detrimental effect on local economic growth in developing countries that will likely be exacerbated by climate change.
Item Type: |
Journal Article (Original Article) |
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Division/Institute: |
03 Faculty of Business, Economics and Social Sciences > Department of Economics 10 Strategic Research Centers > Oeschger Centre for Climate Change Research (OCCR) 11 Centers of Competence > Center for Regional Economic Development (CRED) |
UniBE Contributor: |
Collalti, Dino |
Subjects: |
500 Science > 550 Earth sciences & geology 300 Social sciences, sociology & anthropology > 330 Economics |
ISSN: |
0924-6460 |
Publisher: |
Springer Netherlands |
Language: |
English |
Submitter: |
Dino Collalti |
Date Deposited: |
17 Jun 2024 14:05 |
Last Modified: |
17 Jun 2024 14:14 |
Publisher DOI: |
10.1007/s10640-024-00887-6 |
BORIS DOI: |
10.48350/197883 |
URI: |
https://boris.unibe.ch/id/eprint/197883 |
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