Journal article 613 views
The fiscal implications of hurricane strikes in the Caribbean
Bazoumana Ouattara,
Eric Strobl,
Osman Ouattara
Ecological Economics, Volume: 85, Pages: 105 - 115
Swansea University Author: Osman Ouattara
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DOI (Published version): 10.1016/j.ecolecon.2012.10.002
Abstract
This paper empirically traces the fiscal impacts of hurricane strikes. To this end, a hurricane damage index is derived from a physical wind field model for a panel of Caribbean countries over 36 years. Results, based on panel VAR and impulse response functions analysis, show that, overall, hurrican...
| Published in: | Ecological Economics |
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| ISSN: | 0921-8009 |
| Published: |
2013
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| Online Access: |
Check full text
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa14223 |
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| Abstract: |
This paper empirically traces the fiscal impacts of hurricane strikes. To this end, a hurricane damage index is derived from a physical wind field model for a panel of Caribbean countries over 36 years. Results, based on panel VAR and impulse response functions analysis, show that, overall, hurricane strikes exert a short-term impact. Indeed, the study finds that the response of government spending is positive and significant while public investment, debt and tax revenue do not appear to respond (significantly) to hurricane strikes. Moreover, the study finds that Governments respond to hurricane strikes by engaging in short term deficit financing. |
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| College: |
Faculty of Humanities and Social Sciences |
| Start Page: |
105 |
| End Page: |
115 |