Estimating the Direct Economic Damages of the Earthquake in Haiti

Eduardo Cavallo, Andrew Powell and Oscar Becerra

Economic Journal, 2010, vol. 120, issue 546, F298-F312

Abstract: This article makes an initial assessment of the monetary damages caused by the 2010 earthquake in Haiti. Damages are estimated for a disaster with both 200,000 and 250,000 total dead and missing, using Haiti's economic and demographic data. The base estimate is US$8.1bn, but for several reasons this may be a lower-bound estimate. While the results are subject to many caveats, including possibly high forecast error, the implications of such an estimate are significant. Raising such a figure will require many donors. Hence excellent coordination of funding and execution will be key to ensuring the efficient use of funds. Copyright © The Author(s). Journal compilation © Royal Economic Society 2010.

Date: 2010
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Working Paper: Estimating the Direct Economic Damage of the Earthquake in Haiti (2010)
Working Paper: Estimating the Direct Economic Damage of the Earthquake in Haiti (2010)
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