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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...

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Published in: Ecological Economics
ISSN: 0921-8009
Published: 2013
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa14223
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first_indexed 2013-07-23T12:12:02Z
last_indexed 2018-02-09T04:45:30Z
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spelling 2013-11-05T11:47:36.0360248 v2 14223 2013-02-13 The fiscal implications of hurricane strikes in the Caribbean 2527d6ee36e5d91ced907633b787976c Osman Ouattara Osman Ouattara true false 2013-02-13 BAF 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. Journal Article Ecological Economics 85 105 115 0921-8009 31 1 2013 2013-01-31 10.1016/j.ecolecon.2012.10.002 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University 2013-11-05T11:47:36.0360248 2013-02-13T13:54:46.3970511 Faculty of Humanities and Social Sciences School of Management - Economics Bazoumana Ouattara 1 Eric Strobl 2 Osman Ouattara 3
title The fiscal implications of hurricane strikes in the Caribbean
spellingShingle The fiscal implications of hurricane strikes in the Caribbean
Osman Ouattara
title_short The fiscal implications of hurricane strikes in the Caribbean
title_full The fiscal implications of hurricane strikes in the Caribbean
title_fullStr The fiscal implications of hurricane strikes in the Caribbean
title_full_unstemmed The fiscal implications of hurricane strikes in the Caribbean
title_sort The fiscal implications of hurricane strikes in the Caribbean
author_id_str_mv 2527d6ee36e5d91ced907633b787976c
author_id_fullname_str_mv 2527d6ee36e5d91ced907633b787976c_***_Osman Ouattara
author Osman Ouattara
author2 Bazoumana Ouattara
Eric Strobl
Osman Ouattara
format Journal article
container_title Ecological Economics
container_volume 85
container_start_page 105
publishDate 2013
institution Swansea University
issn 0921-8009
doi_str_mv 10.1016/j.ecolecon.2012.10.002
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Economics{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Economics
document_store_str 0
active_str 0
description 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.
published_date 2013-01-31T03:16:19Z
_version_ 1763750318784380928
score 11.036706

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