The impact of the Indian Ocean tsunami on Aceh’s long-term economic growth
Heger, M. P. & Neumayer, E.
(2019).
The impact of the Indian Ocean tsunami on Aceh’s long-term economic growth.
Journal of Development Economics,
141,
https://doi.org/10.1016/j.jdeveco.2019.06.008
(2019).
The impact of the Indian Ocean tsunami on Aceh’s long-term economic growth.
Journal of Development Economics,
141,
https://doi.org/10.1016/j.jdeveco.2019.06.008
Existing studies typically find that natural disasters have negative economic consequences, resulting in, at best, a recovery to trend after initial losses or, at worst, longer term sustained losses. We exploit the unexpected nature of the 2004 Indian Ocean tsunami for carrying out a quasi-experimental difference-in-differences analysis of flooded districts and sub-districts in Aceh. The Indonesian province saw the single largest aid and reconstruction effort of any developing world region ever afflicted by a natural disaster. We show that this effort triggered higher long-term economic output than would have happened in the absence of the tsunami.
Explore Further
- O40 - General
- O47 - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output (Income) Convergence
- Q54 - Climate; Natural Disasters
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Neumayer, E.
(2020).
Replication Data for: The Impact of the Indian Ocean tsunami on Aceh’s Long-Term Economic Growth.
[Dataset]. Harvard Dataverse.
https://doi.org/10.7910/dvn/0a6wen