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Assessing the Impact of the Indian Ocean Tsunami on the Economy: Evidence from Indonesia and Thailand

Inggrid, and Halim, Siana and Bisono, Indriati Njoto (2014) Assessing the Impact of the Indian Ocean Tsunami on the Economy: Evidence from Indonesia and Thailand. In: The 5th International Conference on Aceh and Indian Ocean Studies, 17-11-2014 - 18-11-2014, Banda Aceh - Indonesia.

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        Abstract

        Recent research in developed countries shows an adverse effect of natural disasters on the economy. This paper aims at examining whether this is also relevant for developing countries. Applying a counterfactual approach to provincial data for Indonesia and Thailand, we find that the Indian Ocean tsunami of 2004 negatively affects the economy of the exposed provinces. Specifically, it is shown that the Aceh province of Indonesia experiences a larger decline in per capita GDP compared to the Phang Nga province of Thailand. These results seem straightforward to reconcile with previous evidence using developed countries data.

        Item Type: Conference or Workshop Item (Paper)
        Additional Information: Tidak mengunggah fulltext karena akan di publikasikan di jurnal internasional
        Uncontrolled Keywords: natural disaster, economic impact, developing country
        Subjects: H Social Sciences > HB Economic Theory
        H Social Sciences > HA Statistics
        Divisions: Faculty of Economic > Business Management Program
        Depositing User: Admin
        Date Deposited: 26 Feb 2015 18:26
        Last Modified: 16 Jan 2019 10:28
        URI: http://repository.petra.ac.id/id/eprint/17185

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