Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/230342
Authors: 
Strobl, Eric
Year of Publication: 
2019
Series/Report no.: 
ADB Economics Working Paper Series No. 589
Abstract: 
We quantify the economic impact of typhoons in the Philippines. To this end we construct a panel data set of local economic activity derived from nightlight intensity satellite images and a cell level measure of typhoon damage constructed from storm track data, a wind field model, and a stylized damage function. Our econometric results reveal that there is a statistically and potentially economically significant, albeit short- lived, impact of typhoon destruction on local economic activity. Constructing risk profiles from a 60-year historical set of storms suggests that (near) future losses in economic activity for frequent (5-year return period) and rare (50-year return period) events are likely to range from between 1.0% and 2.5%.
Subjects: 
economic impact
nightlights
Philippines
typhoons
wind field model
JEL: 
O17
O44
Q54
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/3.0/igo/
Document Type: 
Working Paper

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