Long-term impact of natural disasters on Vietnamese income per capita: the case of typhoon Durian

Khac Hieu Nguyen () and Thi Thu Tra Pham
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Khac Hieu Nguyen: Ho Chi Minh City University of Technology and Education, Vietnam

Entrepreneurship and Sustainability Issues, 2020, vol. 8, issue 1, 590-603

Abstract: This study estimates the effect of natural disasters on Vietnamese income per capita in both short and long-term. The analysis also evaluates the effects by sources of income including income from salary; income from agriculture, fishery, forest; and income from industry, construction, trade, and services. Typhoon Durian happened in December 2006 in southern provinces of Vietnam is chosen for the comparative case study. The analysis applies the Synthetic control method (SCM) to construct a counterfactual with respect to two different control groups and conducts a permutation test for the estimated values. The results show that typhoon Durian decreased aggregate income per capita of the affected region and the effect was long lasting. The reduction of monthly income per capita was estimated to be 56,925 VND which accounts for 7.9% of the total income. The most affected source of income is from agriculture, forestry, and fishery.

Keywords: typhoon; income per capita; synthetic control method (search for similar items in EconPapers)
JEL-codes: E40 O11 Q54 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2020:i:1:p:590-603

DOI: 10.9770/jesi.2020.8.1(41)

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