Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/302625 
Year of Publication: 
2024
Series/Report no.: 
IZA Discussion Papers No. 17108
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
The purpose of this paper is to offer a comprehensive overview of the socio-economic effects of earthquakes. We begin with a thorough literature review. Following this, we assess policy measures taken in response to major earthquakes, drawing on existing research to formulate insights and recommendations that policymakers can use to effectively navigate the risks in the aftermath of such disasters. In addition to reviewing the literature and analyzing policy interventions, we conduct an in-depth examination of the economic repercussions of earthquakes. Our analysis utilizes data from around 80 significant earthquakes across more than 30 countries. The findings indicate that, while the overall effect of major earthquakes on GDP per capita is generally small, the impact on fiscal accounts can be substantial, although this varies significantly between economies. External trade balances tend to weaken, with a considerable decrease in exports and an ambiguous effect on imports.
Subjects: 
earthquake
synthetic controls
policy responses
Türkiye
JEL: 
E60
H54
H84
Q54
Document Type: 
Working Paper

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