Weathering Storms

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dc.contributor.author Ishizawa, Oscar A.
dc.contributor.author Miranda, Juan Jose
dc.date.accessioned 2018-09-14T18:33:35Z
dc.date.accessioned 2018-09-22T00:00:07Z
dc.date.available 2018-09-14T18:33:35Z
dc.date.available 2018-09-22T00:00:07Z
dc.date.issued 2018-05-22
dc.identifier.citation Environmental and Resource Economics
dc.identifier.issn 0920-6460
dc.identifier.uri http://hdl.handle.net/10986/30425
dc.description.abstract In the past decades, natural disasters have caused substantial human and economic losses in Central America, with strong adverse impacts on gross domestic product per capita, income, and poverty reduction. This study provides a regional perspective on the short-term impact of hurricane windstorms on socioeconomic indicators. Apart from modeling the socioeconomic impact at the macro and micro levels, the study incorporates and juxtaposes data from a hurricane windstorm model categorizing three hurricane damage indexes, which lends a higher level of detail, nuance, and therefore accuracy and comprehensiveness to the study. One standard deviation in the intensity of a hurricane windstorm leads to a decrease in growth of total per capita gross domestic product of between 0.9 and 1.6%, and a decrease in total income and labor income by 3%, which in turn increases moderate and extreme poverty by 1.5 percentage points. These results demonstrate the causal relationship between hurricane windstorm impacts and poverty in Central America, producing regional evidence that could improve targeting of disaster risk management policies toward those most impacted and thus whose needs are greatest. en
dc.publisher Springer
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo
dc.subject HURRICANES
dc.subject POVERTY
dc.title Weathering Storms en
dc.type Journal Article en
dc.rights.holder World Bank
dc.title.subtitle Understanding the Impact of Natural Disasters in Central America en

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