The Price Impact of Extreme Weather in Developing Countries
Bibliographic Data
| ID | 9715602 |
|---|---|
| Authors | Andréas Heinen (0000-0002-3717-7892, THEMA, University of Cergy-Pointoise, corresponding author), Jeetendra Khadan (0000-0002-2172-1590, Inter-American Development Bank), Eric Strobl (0000-0002-1583-6412, University of Bern) |
| Year | 2019 |
| Volume | 129 |
| Issue | 619 |
| Pages | 1327-1342 |
| Publication date | 2019-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/ecoj.12581 |
| OpenAlex | W2787950162 |
| Language | EN |
| Citations received | 17 |
| References cited | 36 |
We examine the impact of extreme weather on consumer prices in developing countries by constructing a monthly data set of potential hurricane and flood destruction indices and linking these with consumer price data for 15 Caribbean islands. Our econometric model shows that the price impact of extreme weather events can be large. To illustrate potential welfare losses due to these price effects, we combine our estimates with price elasticities obtained from a demand system and with event probabilities for Jamaica. Our results show that while expected monthly losses are small, rare events can cause large falls in monthly welfare due to price increases
Climate change · Econometrics · Economics · Extreme weather · Flood myth · Geography · Welfare · Agricultural risk and resilience · Flood Risk Assessment and Management · Tropical and Extratropical Cyclones Research
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| Unique citing works | 17 |
|---|---|
| Citations per year | 2,83 |
| Citation span | 2020 - 2026 (7) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 17 |