Exceptionally high rainfall in the Indian state of Kerala caused major flooding in 2018. This paper estimates the short-run causal impact of the disaster on the economy, using a difference-in-difference approach. Monthly nighttime light intensity, a proxy for aggregate economic activity, suggests that activity declined for three months during the disaster but boomed subsequently. Automated teller machine transactions, a proxy for consumer demand...
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DETAILS
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2022/06/13
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Policy Research Working Paper
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WPS10084
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1
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2022/06/13
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Disclosed
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Natural Disasters and Economic Dynamics : Evidence from the Kerala Floods
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Citation
Beyer,Robert Carl Michael; Narayanan,Abhinav; Thakur,Gogol Mitra.
Natural Disasters and Economic Dynamics : Evidence from the Kerala Floods (English). Policy Research working paper ; no. WPS 10084 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099822206132239289