Natural Disasters and Economic Dynamics: Evidence from the Kerala Floods
Exceptionally high rainfall in the Indian state of Kerala caused major flooding in 2018. This paper estimates the short-run causal impact of the disaster on the economy, using a difference-in-difference approach. Monthly nighttime light intensity, a proxy for aggregate economic activity, suggests th...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2022
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Exceptionally high rainfall in the Indian state of Kerala caused major flooding in 2018. This paper estimates the short-run causal impact of the disaster on the economy, using a difference-in-difference approach. Monthly nighttime light intensity, a proxy for aggregate economic activity, suggests that activity declined for three months during the disaster but boomed subsequently. Automated teller machine transactions, a proxy for consumer demand, declined and credit disbursal increased, with households borrowing more for housing and less for consumption. In line with other results, both household income and expenditure declined during the floods. Despite a strong wage recovery after the floods, spending remained lower relative to the unaffected districts. The paper argues that increased labor demand due to reconstruction efforts increased wages after the floods and provides corroborating evidence: (i) rural labor markets tightened, (ii) poorer households benefited more, and (iii) wages increased most where government relief was strongest. The findings confirm the presence of interesting economic dynamics during and right after natural disasters that remain in the shadow when analyzed with annual data |
| Beschreibung: | 1 Online-Ressource (51 Seiten) |
| DOI: | 10.1596/1813-9450-10084 |
Internformat
MARC
| LEADER | 00000nmm a22000001c 4500 | ||
|---|---|---|---|
| 001 | BV049080181 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 230731s2022 xxu|||| o||u| ||||||eng d | ||
| 024 | 7 | |a 10.1596/1813-9450-10084 |2 doi | |
| 035 | |a (ZDB-1-WBA)080816150 | ||
| 035 | |a (OCoLC)1392154455 | ||
| 035 | |a (DE-599)KEP080816150 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-521 |a DE-573 |a DE-523 |a DE-Re13 |a DE-19 |a DE-355 |a DE-703 |a DE-91 |a DE-706 |a DE-29 |a DE-M347 |a DE-473 |a DE-824 |a DE-20 |a DE-739 |a DE-1043 |a DE-863 |a DE-862 | ||
| 100 | 1 | |a Beyer, Robert C. M. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Natural Disasters and Economic Dynamics |b Evidence from the Kerala Floods |c Robert C. M. Beyer |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2022 | |
| 300 | |a 1 Online-Ressource (51 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 520 | 3 | |a Exceptionally high rainfall in the Indian state of Kerala caused major flooding in 2018. This paper estimates the short-run causal impact of the disaster on the economy, using a difference-in-difference approach. Monthly nighttime light intensity, a proxy for aggregate economic activity, suggests that activity declined for three months during the disaster but boomed subsequently. Automated teller machine transactions, a proxy for consumer demand, declined and credit disbursal increased, with households borrowing more for housing and less for consumption. In line with other results, both household income and expenditure declined during the floods. Despite a strong wage recovery after the floods, spending remained lower relative to the unaffected districts. The paper argues that increased labor demand due to reconstruction efforts increased wages after the floods and provides corroborating evidence: (i) rural labor markets tightened, (ii) poorer households benefited more, and (iii) wages increased most where government relief was strongest. The findings confirm the presence of interesting economic dynamics during and right after natural disasters that remain in the shadow when analyzed with annual data | |
| 650 | 4 | |a Aggregate Activity | |
| 650 | 4 | |a Economic Dynamics | |
| 650 | 4 | |a Economic Impact of Flood | |
| 650 | 4 | |a Environment | |
| 650 | 4 | |a Environmental Disaster Wage Impact | |
| 650 | 4 | |a Environmental Disasters and Degradation | |
| 650 | 4 | |a Floods | |
| 650 | 4 | |a Household Behavior | |
| 650 | 4 | |a Natural Disaster Impact | |
| 650 | 4 | |a Natural Disasters | |
| 650 | 4 | |a Poverty Monitoring and Analysis | |
| 650 | 4 | |a Poverty Reduction | |
| 650 | 4 | |a Rural Development | |
| 650 | 4 | |a Rural Labor Market | |
| 650 | 4 | |a Spatial Analysis | |
| 700 | 1 | |a Narayanan, Abhinav |e Sonstige |4 oth | |
| 700 | 1 | |a Thakur, Gogol Mitra |e Sonstige |4 oth | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Beyer, Robert C. M |t Natural Disasters and Economic Dynamics: Evidence from the Kerala Floods |d Washington, D.C. : The World Bank, 2022 |
| 856 | 4 | 0 | |u https://doi.org/10.1596/1813-9450-10084 |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-034342071 | |
Datensatz im Suchindex
| _version_ | 1812671838879219712 |
|---|---|
| adam_text | |
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Beyer, Robert C. M. |
| author_facet | Beyer, Robert C. M. |
| author_role | aut |
| author_sort | Beyer, Robert C. M. |
| author_variant | r c m b rcm rcmb |
| building | Verbundindex |
| bvnumber | BV049080181 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)080816150 (OCoLC)1392154455 (DE-599)KEP080816150 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1596/1813-9450-10084 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nmm a22000001c 4500</leader><controlfield tag="001">BV049080181</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">230731s2022 xxu|||| o||u| ||||||eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1596/1813-9450-10084</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)080816150</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1392154455</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP080816150</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-523</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-1043</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Beyer, Robert C. M.</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Natural Disasters and Economic Dynamics</subfield><subfield code="b">Evidence from the Kerala Floods</subfield><subfield code="c">Robert C. M. Beyer</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2022</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (51 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">Exceptionally high rainfall in the Indian state of Kerala caused major flooding in 2018. This paper estimates the short-run causal impact of the disaster on the economy, using a difference-in-difference approach. Monthly nighttime light intensity, a proxy for aggregate economic activity, suggests that activity declined for three months during the disaster but boomed subsequently. Automated teller machine transactions, a proxy for consumer demand, declined and credit disbursal increased, with households borrowing more for housing and less for consumption. In line with other results, both household income and expenditure declined during the floods. Despite a strong wage recovery after the floods, spending remained lower relative to the unaffected districts. The paper argues that increased labor demand due to reconstruction efforts increased wages after the floods and provides corroborating evidence: (i) rural labor markets tightened, (ii) poorer households benefited more, and (iii) wages increased most where government relief was strongest. The findings confirm the presence of interesting economic dynamics during and right after natural disasters that remain in the shadow when analyzed with annual data</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Aggregate Activity</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economic Dynamics</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economic Impact of Flood</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Environment</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Environmental Disaster Wage Impact</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Environmental Disasters and Degradation</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Floods</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Household Behavior</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Natural Disaster Impact</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Natural Disasters</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Poverty Monitoring and Analysis</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Poverty Reduction</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Rural Development</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Rural Labor Market</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Spatial Analysis</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Narayanan, Abhinav</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Thakur, Gogol Mitra</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Druck-Ausgabe</subfield><subfield code="a">Beyer, Robert C. M</subfield><subfield code="t">Natural Disasters and Economic Dynamics: Evidence from the Kerala Floods</subfield><subfield code="d">Washington, D.C. : The World Bank, 2022</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1596/1813-9450-10084</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-034342071</subfield></datafield></record></collection> |
| id | DE-604.BV049080181 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:57Z |
| indexdate | 2024-10-12T04:02:56Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034342071 |
| oclc_num | 1392154455 |
| open_access_boolean | 1 |
| owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| owner_facet | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| physical | 1 Online-Ressource (51 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 2022 |
| publishDateSearch | 2022 |
| publishDateSort | 2022 |
| publisher | The World Bank |
| record_format | marc |
| spellingShingle | Beyer, Robert C. M. Natural Disasters and Economic Dynamics Evidence from the Kerala Floods Aggregate Activity Economic Dynamics Economic Impact of Flood Environment Environmental Disaster Wage Impact Environmental Disasters and Degradation Floods Household Behavior Natural Disaster Impact Natural Disasters Poverty Monitoring and Analysis Poverty Reduction Rural Development Rural Labor Market Spatial Analysis |
| title | Natural Disasters and Economic Dynamics Evidence from the Kerala Floods |
| title_auth | Natural Disasters and Economic Dynamics Evidence from the Kerala Floods |
| title_exact_search | Natural Disasters and Economic Dynamics Evidence from the Kerala Floods |
| title_exact_search_txtP | Natural Disasters and Economic Dynamics Evidence from the Kerala Floods |
| title_full | Natural Disasters and Economic Dynamics Evidence from the Kerala Floods Robert C. M. Beyer |
| title_fullStr | Natural Disasters and Economic Dynamics Evidence from the Kerala Floods Robert C. M. Beyer |
| title_full_unstemmed | Natural Disasters and Economic Dynamics Evidence from the Kerala Floods Robert C. M. Beyer |
| title_short | Natural Disasters and Economic Dynamics |
| title_sort | natural disasters and economic dynamics evidence from the kerala floods |
| title_sub | Evidence from the Kerala Floods |
| topic | Aggregate Activity Economic Dynamics Economic Impact of Flood Environment Environmental Disaster Wage Impact Environmental Disasters and Degradation Floods Household Behavior Natural Disaster Impact Natural Disasters Poverty Monitoring and Analysis Poverty Reduction Rural Development Rural Labor Market Spatial Analysis |
| topic_facet | Aggregate Activity Economic Dynamics Economic Impact of Flood Environment Environmental Disaster Wage Impact Environmental Disasters and Degradation Floods Household Behavior Natural Disaster Impact Natural Disasters Poverty Monitoring and Analysis Poverty Reduction Rural Development Rural Labor Market Spatial Analysis |
| url | https://doi.org/10.1596/1813-9450-10084 |
| work_keys_str_mv | AT beyerrobertcm naturaldisastersandeconomicdynamicsevidencefromthekeralafloods AT narayananabhinav naturaldisastersandeconomicdynamicsevidencefromthekeralafloods AT thakurgogolmitra naturaldisastersandeconomicdynamicsevidencefromthekeralafloods |