Floods, Bushfires and Sectoral Economic Output in Australia, 1978–2014.

• Ulubaşoğlu, Mehmet Ali ^[3] ; Rahman, Muhammad Habibur ^[1] ; Önder, Yasin Kürşat ^[4] ; Chen, Yiqun ^[2] ; Rajabifard, Abbas ^[2]
  1. [1] Monash University Malaysia

     Monash University Malaysia

     Malasia

     
  2. [2] University of Melbourne

     University of Melbourne

     Australia

     
  3. [3] Department of Economics, Deakin Business School, Deakin University, Burwood VIC, Australia
  4. [4] Ankara Turkey

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• Localización: Economic record, ISSN 0013-0249, Vol. 95, Nº. 308, 2019, págs. 58-80
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Using state‐level annual variation in natural disasters and economic output in Australia, we estimate the direct effects of floods and bushfires on sectoral gross value added during the period 1978–2014. We find that floods exert an adverse and persistent effect on the outputs of agriculture, mining, construction and financial services sectors. For example, our estimates indicate that a state that experienced a flood in a given year encountered, on average, 5–6 per cent lower agricultural output in both that year and the following year, compared to another state with no such flood experience. Sectoral responses to bushfires are more nuanced. [ABSTRACT FROM AUTHOR]