EconPapers    
Economics at your fingertips  
 

The 1960 Tsunami in Hawaii: Long-Term Consequences of a Coastal Disaster

John Lynham, Ilan Noy () and Jonathan Page ()

World Development, 2017, vol. 94, issue C, 106-118

Abstract: On May 23, 1960, a devastating tsunami struck the city of Hilo on the island of Hawaii. This tsunami provides a unique natural experiment as the tsunami was unexpected, and the other Hawaiian Islands, which were not hit by the tsunami, provide an ideal control group that enables us to precisely identify what happened to the economy of Hilo. We use a synthetic control methodology (Abadie, Diamond, & Hainmueller, 2010), and find that fifteen years after the event, unemployment was still 32% higher and population was still 9% lower than it would have been had the tsunami not occurred.

Keywords: Oceania; Hawaii; coastal disasters; disaster impact; tsunami; synthetic control (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0305750X16305952
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The 1960 Tsunami in Hawaii: Long Term Consequences of Costal Disaster (2012) Downloads
Working Paper: The 1960 Tsunami in Hawaii: Long Term Consequences of a Coastal Disaster (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:94:y:2017:i:c:p:106-118

DOI: 10.1016/j.worlddev.2016.12.043

Access Statistics for this article

World Development is currently edited by O. T. Coomes

More articles in World Development from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-05-02
Handle: RePEc:eee:wdevel:v:94:y:2017:i:c:p:106-118