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Author (up) Strobl, E. url  openurl
  Title The Impact of Typhoons on Economic Activity in the Philippines: Evidence from Nightlight Intensity Type Journal Article
  Year 2019 Publication ADB Economics Working Paper Series Abbreviated Journal  
  Volume 589 Issue Pages  
  Keywords Remote Sensing  
  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%.
 
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  Notes Approved no  
  Call Number IDA @ intern @ Serial 2641  
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