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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详细
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2022/06/13
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政策研究报告
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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