Floods and Exports: An Empirical Study on Natural Disaster Shocks in Southeast Asia

Kaori Tembata () and Kenji Takeuchi
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Kaori Tembata: Graduate School of Economics, Kobe University

No 1817, Discussion Papers from Graduate School of Economics, Kobe University

Abstract: This study analyzes the effects of climate-related disasters on international trade in Southeast Asia. We use monthly trade data to examine the relationship between disaster shocks and exports. The empirical analysis shows that natural disasters have a significant negative effect on exports. The estimation results suggest that flooding causes immediate export losses of USD 305-557 million. In addition, we find that the effect persists in the post-disaster period, with floods causing annual export losses of USD 2.54 billion in total. We further investigate the impact of disasters by product group and show that disasters are negatively associated with the exports of agricultural and manufacturing products. The findings suggest that extreme weather events have severe repercussions on Southeast Asia, where exports play an important role in economic development.

Keywords: Climate change; Exports; Extreme weather; Flood; Natural disaster; Southeast Asia; Storm (search for similar items in EconPapers)
Pages: 49 pages
Date: 2018-04
New Economics Papers: this item is included in nep-agr, nep-env, nep-int and nep-sea
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://www.econ.kobe-u.ac.jp/RePEc/koe/wpaper/2018/1817.pdf (application/pdf)

Related works:
Journal Article: Floods and Exports: An Empirical Study on Natural Disaster Shocks in Southeast Asia (2019)
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