The Impact of Hurricane Strikes on Short-Term Local Economic Activity : Evidence from Nightlight Images in the Dominican Republic

The Dominican Republic is highly exposed to adverse natural events putting the country at risk of losing hard-won economic, social, and environmental gains due to the impacts of disasters. This study uses monthly nightlight composites in conjunctio...

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Main Authors:	Ishizawa, Oscar A., Miranda, Juan Jose, Strobl, Eric
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2017
Subjects:	HURRICANES NATURAL DISASTERS CLIMATE RESILIENCE CLIMATE RESILIENT DEVELOPMENT ECONOMIC SHOCKS CLIMATE CHANGE VULNERABILITY DISASTER RISK
Online Access:	http://documents.worldbank.org/curated/en/482101513260134821/The-impact-of-hurricane-strikes-on-short-term-local-economic-activity-evidence-from-nightlight-images-in-the-Dominican-Republic http://hdl.handle.net/10986/29011

id	okr-10986-29011
recordtype	oai_dc
spelling	okr-10986-290112021-06-08T14:42:47Z The Impact of Hurricane Strikes on Short-Term Local Economic Activity : Evidence from Nightlight Images in the Dominican Republic Ishizawa, Oscar A. Miranda, Juan Jose Strobl, Eric HURRICANES NATURAL DISASTERS CLIMATE RESILIENCE CLIMATE RESILIENT DEVELOPMENT ECONOMIC SHOCKS CLIMATE CHANGE VULNERABILITY DISASTER RISK The Dominican Republic is highly exposed to adverse natural events putting the country at risk of losing hard-won economic, social, and environmental gains due to the impacts of disasters. This study uses monthly nightlight composites in conjunction with a wind field model to econometrically estimate the impact of tropical cyclones on local economic activity in the Dominican Republic since 1992. It is found that the negative impact of storms lasts up to 15 months after the strike, with the largest effect observed after nine months. Translating the reduction in nightlight intensity into monetary losses by relating it to quarterly gross domestic product suggests that on average the storms reduced gross domestic product by about US$1.1 billion (4.5 percent of gross domestic product in 2000 and 1.5 percent in 2016). 2017-12-15T18:43:39Z 2017-12-15T18:43:39Z 2017-12 Working Paper http://documents.worldbank.org/curated/en/482101513260134821/The-impact-of-hurricane-strikes-on-short-term-local-economic-activity-evidence-from-nightlight-images-in-the-Dominican-Republic http://hdl.handle.net/10986/29011 English Policy Research Working Paper;No. 8275 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Latin America & Caribbean Dominican Republic
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	HURRICANES NATURAL DISASTERS CLIMATE RESILIENCE CLIMATE RESILIENT DEVELOPMENT ECONOMIC SHOCKS CLIMATE CHANGE VULNERABILITY DISASTER RISK
spellingShingle	HURRICANES NATURAL DISASTERS CLIMATE RESILIENCE CLIMATE RESILIENT DEVELOPMENT ECONOMIC SHOCKS CLIMATE CHANGE VULNERABILITY DISASTER RISK Ishizawa, Oscar A. Miranda, Juan Jose Strobl, Eric The Impact of Hurricane Strikes on Short-Term Local Economic Activity : Evidence from Nightlight Images in the Dominican Republic
geographic_facet	Latin America & Caribbean Dominican Republic
relation	Policy Research Working Paper;No. 8275
description	The Dominican Republic is highly exposed to adverse natural events putting the country at risk of losing hard-won economic, social, and environmental gains due to the impacts of disasters. This study uses monthly nightlight composites in conjunction with a wind field model to econometrically estimate the impact of tropical cyclones on local economic activity in the Dominican Republic since 1992. It is found that the negative impact of storms lasts up to 15 months after the strike, with the largest effect observed after nine months. Translating the reduction in nightlight intensity into monetary losses by relating it to quarterly gross domestic product suggests that on average the storms reduced gross domestic product by about US$1.1 billion (4.5 percent of gross domestic product in 2000 and 1.5 percent in 2016).
format	Working Paper
author	Ishizawa, Oscar A. Miranda, Juan Jose Strobl, Eric
author_facet	Ishizawa, Oscar A. Miranda, Juan Jose Strobl, Eric
author_sort	Ishizawa, Oscar A.
title	The Impact of Hurricane Strikes on Short-Term Local Economic Activity : Evidence from Nightlight Images in the Dominican Republic
title_short	The Impact of Hurricane Strikes on Short-Term Local Economic Activity : Evidence from Nightlight Images in the Dominican Republic
title_full	The Impact of Hurricane Strikes on Short-Term Local Economic Activity : Evidence from Nightlight Images in the Dominican Republic
title_fullStr	The Impact of Hurricane Strikes on Short-Term Local Economic Activity : Evidence from Nightlight Images in the Dominican Republic
title_full_unstemmed	The Impact of Hurricane Strikes on Short-Term Local Economic Activity : Evidence from Nightlight Images in the Dominican Republic
title_sort	impact of hurricane strikes on short-term local economic activity : evidence from nightlight images in the dominican republic
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/482101513260134821/The-impact-of-hurricane-strikes-on-short-term-local-economic-activity-evidence-from-nightlight-images-in-the-Dominican-Republic http://hdl.handle.net/10986/29011
_version_	1764468264554987520

The Impact of Hurricane Strikes on Short-Term Local Economic Activity : Evidence from Nightlight Images in the Dominican Republic

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