Weathering Storms : Understanding the Impact of Natural Disasters in Central America

Weathering Storms : Understanding the Impact of Natural Disasters in Central America

In the past decades, natural disasters have caused substantial human and economic losses in Central America, with strong adverse impacts on gross domestic product per capita, income, and poverty reduction. This study provides a regional perspective on the short-term impact of hurricane windstorms on...

Full description

Bibliographic Details
Main Authors: Ishizawa, Oscar A., Miranda, Juan Jose
Format: Journal Article
Published: Springer 2018
Subjects:
HURRICANES
POVERTY
NATURAL DISASTERS
ECONOMIC GROWTH
VULNERABILITY
Online Access:http://hdl.handle.net/10986/30425
id okr-10986-30425
recordtype oai_dc
spelling okr-10986-304252021-05-25T10:54:41Z Weathering Storms : Understanding the Impact of Natural Disasters in Central America Ishizawa, Oscar A. Miranda, Juan Jose HURRICANES POVERTY NATURAL DISASTERS ECONOMIC GROWTH VULNERABILITY In the past decades, natural disasters have caused substantial human and economic losses in Central America, with strong adverse impacts on gross domestic product per capita, income, and poverty reduction. This study provides a regional perspective on the short-term impact of hurricane windstorms on socioeconomic indicators. Apart from modeling the socioeconomic impact at the macro and micro levels, the study incorporates and juxtaposes data from a hurricane windstorm model categorizing three hurricane damage indexes, which lends a higher level of detail, nuance, and therefore accuracy and comprehensiveness to the study. One standard deviation in the intensity of a hurricane windstorm leads to a decrease in growth of total per capita gross domestic product of between 0.9 and 1.6%, and a decrease in total income and labor income by 3%, which in turn increases moderate and extreme poverty by 1.5 percentage points. These results demonstrate the causal relationship between hurricane windstorm impacts and poverty in Central America, producing regional evidence that could improve targeting of disaster risk management policies toward those most impacted and thus whose needs are greatest. 2018-09-14T18:33:35Z 2018-09-14T18:33:35Z 2018-05-22 Journal Article Environmental and Resource Economics 0920-6460 http://hdl.handle.net/10986/30425 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Springer Publications & Research :: Journal Article Publications & Research Latin America & Caribbean Central America
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
topic HURRICANES
POVERTY
NATURAL DISASTERS
ECONOMIC GROWTH
VULNERABILITY
spellingShingle HURRICANES
POVERTY
NATURAL DISASTERS
ECONOMIC GROWTH
VULNERABILITY
Ishizawa, Oscar A.
Miranda, Juan Jose
Weathering Storms : Understanding the Impact of Natural Disasters in Central America
geographic_facet Latin America & Caribbean
Central America
description In the past decades, natural disasters have caused substantial human and economic losses in Central America, with strong adverse impacts on gross domestic product per capita, income, and poverty reduction. This study provides a regional perspective on the short-term impact of hurricane windstorms on socioeconomic indicators. Apart from modeling the socioeconomic impact at the macro and micro levels, the study incorporates and juxtaposes data from a hurricane windstorm model categorizing three hurricane damage indexes, which lends a higher level of detail, nuance, and therefore accuracy and comprehensiveness to the study. One standard deviation in the intensity of a hurricane windstorm leads to a decrease in growth of total per capita gross domestic product of between 0.9 and 1.6%, and a decrease in total income and labor income by 3%, which in turn increases moderate and extreme poverty by 1.5 percentage points. These results demonstrate the causal relationship between hurricane windstorm impacts and poverty in Central America, producing regional evidence that could improve targeting of disaster risk management policies toward those most impacted and thus whose needs are greatest.
format Journal Article
author Ishizawa, Oscar A.
Miranda, Juan Jose
author_facet Ishizawa, Oscar A.
Miranda, Juan Jose
author_sort Ishizawa, Oscar A.
title Weathering Storms : Understanding the Impact of Natural Disasters in Central America
title_short Weathering Storms : Understanding the Impact of Natural Disasters in Central America
title_full Weathering Storms : Understanding the Impact of Natural Disasters in Central America
title_fullStr Weathering Storms : Understanding the Impact of Natural Disasters in Central America
title_full_unstemmed Weathering Storms : Understanding the Impact of Natural Disasters in Central America
title_sort weathering storms : understanding the impact of natural disasters in central america
publisher Springer
publishDate 2018
url http://hdl.handle.net/10986/30425
_version_ 1764471969826209792

Similar Items