The Short-Term Economic Impact of Tropical Cyclones: Satellite Evidence from Guangdong Province
Alejandro Valle,
Robert Elliott (),
Eric Strobl () and
Meng Tong
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Alejandro Valle: Georgia State University
Meng Tong: University of Birmingham
Economics of Disasters and Climate Change, 2018, vol. 2, issue 3, No 1, 225-235
Abstract:
Abstract This paper is the first to examine the short term local economic impact of tropical cyclones by estimating the effects on monthly nightlight intensity. More specifically, for Guangdong Province in Southern China, we proxy monthly economic activity with remote sensing derived monthly night time light intensity and combine this with local measures of wind speed derived from a tropical cyclone wind field model. Our regression analysis reveals that there is only a significant (negative) impact in the month of the typhoon strike and nothing thereafter. Understanding that typhoons are inherently a short-term phenomenon has possible implications for studies using more aggregate data.
Keywords: China; Typhoons; Wind field model; Economic impact; Nightlight imagery (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/s41885-018-0028-3
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