dc.contributor.author |
du Pont IV, William |
|
dc.contributor.author |
Okuyama, Yoko |
|
dc.contributor.author |
Noy, Ilan |
|
dc.contributor.author |
Sawada, Yasuyuki |
|
dc.date.accessioned |
2015-03-11T00:14:41Z |
|
dc.date.accessioned |
2022-07-07T02:23:34Z |
|
dc.date.available |
2015-03-11T00:14:41Z |
|
dc.date.available |
2022-07-07T02:23:34Z |
|
dc.date.copyright |
2015 |
|
dc.date.issued |
2015 |
|
dc.identifier.uri |
https://ir.wgtn.ac.nz/handle/123456789/19264 |
|
dc.description.abstract |
We quantify the ‘permanent’ socio-economic impacts of the Great Hanshin-Awaji (Kobe) earthquake in 1995 by employing a large-scale panel data set of 1,719 wards from Japan over three decades. In order to overcome a fundamental difficulty of identifying the counterfactual, i.e., the Kobe economy without the earthquake, we adopt the synthetic control method of Abadie et al. (2010). Three important empirical patterns emerge: First, the population size and especially the average income level in Kobe have been lower than the counterfactual level without the earthquake for over fifteen years, indicating a permanent negative effect of the earthquake. Such a negative impact can be found especially in the central areas which are closer to the epicenter. Second, the surrounding areas experienced some positive permanent impacts in spite of short-run negative effects of the earthquake. Third, the furthest areas in the vicinity of Kobe seem to have been insulated from the large direct and indirect impacts of the earthquake. |
en_NZ |
dc.format |
pdf |
en_NZ |
dc.language.iso |
en_NZ |
|
dc.publisher |
Te Herenga Waka—Victoria University of Wellington |
en_NZ |
dc.relation.ispartofseries |
SEF Working paper ; 06/2015 |
en_NZ |
dc.subject |
Natural disasters |
en_NZ |
dc.subject |
Earthquakes |
en_NZ |
dc.subject |
Kobe |
en_NZ |
dc.subject |
Disaster impact |
en_NZ |
dc.title |
The long-run socio-economic consequences of a large disaster: The 1995 earthquake in Kobe |
en_NZ |
dc.type |
Text |
en_NZ |
vuwschema.contributor.unit |
School of Economics and Finance |
en_NZ |
vuwschema.subject.anzsrcfor |
149999 Economics not elsewhere classified |
en_NZ |
vuwschema.type.vuw |
Working or Occasional Paper |
en_NZ |
vuwschema.subject.anzsrcforV2 |
389999 Other economics not elsewhere classified |
en_NZ |
dc.rights.rightsholder |
www.victoria.ac.nz/sef/research/sef.workingpapers |
en_NZ |