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Article Dans Une Revue Ecological Economics Année : 2023

The short-run, dynamic employment effects of natural disasters: New insights from Puerto Rico

Résumé

We study the short-run, dynamic employment effects of natural disasters. We exploit monthly data for 70 3- digits NAICS industries and 78 Puerto Rican counties over the period 1995–2019. Our exogenous measure of exposure to natural disasters is computed using the maximum wind speed recorded in each county during each hurricane. Using panel local projections, we find that after the ‘‘average’’ hurricane, employment falls by 0.5% on average. Across industries, we find substantial heterogeneity in the employment responses. Employment increases in some industries while in others employment decreases after a hurricane. This heterogeneity can be partly explained by input–output linkages.

Dates et versions

hal-03926031 , version 1 (05-01-2023)

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Alessandro Barattieri, Patrice Borda, Alberto Brugnoli, Martino Pelli, Jeanne Tschopp. The short-run, dynamic employment effects of natural disasters: New insights from Puerto Rico. Ecological Economics, 2023, 205, pp.107693. ⟨10.1016/j.ecolecon.2022.107693⟩. ⟨hal-03926031⟩

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