3, their intensity and frequency are spread considerably between years and countries. Acemoglu D, Carvalho VM, Ozdaglar A, Tahbaz-Salehi A (2012) The network origins of aggregate fluctuations. A tropical cyclone is a low pressure system that develops over tropical waters, characterized by high winds and heavy rain. The sectoral GDP data originates from the United Nations Statistical Division (UNSD) (United Nations Statistical Division 2015b). PubMedGoogle Scholar. First, I add to the research area on the macroeconomic effects of disasters. To be consistent with the remaining analysis, I aggregate the given 26 sectors to the previously used seven sectoral aggregates.Footnote 14 For my analysis, I calculate the InputOutput coefficients by dividing the specific input of each sector by the total input of each sector given in the transaction matrix of the data: The resulting InputOutput coefficients \(IO^{j,k}\) range between 0 and 1 in year t. They indicate how much input from sector k is needed to produce one unit of output of sector j. Consequently, the InputOutput coefficients give an idea of the structural interactions of sectors within an economy and hence help to disentangle the indirect effects of tropical cyclone damage.Footnote 15. All weights are available in the HYDE 3.2 data set (Klein Goldewijk etal. Color intensities indicate p values according to: \(p<0.01\), \(p<0.05\), \(p<0.1\). Exposed countries are defined as having at least one positive damage observation over the sample period. Queensland has 20% of Australia's sugar cane production, but . The remaining variables are defined as in Eq. Moreover, for the vast majority of sectors, the indirect effects do not last longer than oneyear. For the dynamic analysis, the panel length is 65years, and for the InputOutput regression, it comprises 20years. In contrast to Eq. Tropical Cyclone Cheneso was a strong tropical cyclone that affected Madagascar in January 2023. Details of How did the tropical cyclone eloise impact the environment? - 103.17.108.37. Environ Sci Technol 46(15):83748381, Lenzen M, Moran D, Kanemoto K, Geschke A (2013) Building Eora: a global multi-region input-output database at high country and sector resolution. In the years following a tropical cyclone, the majority of sectors experience negative growth effects. 912, while Tables 511 show the regression results. How did the tropical cyclone impact the people communities? To deal with this problem, I will re-estimate my regression models with Newey and West (1987) as well as spatial HAC standard errors (Hsiang 2010; Fetzer 2020), which allow for a temporal correlation of 10years and a spatial correlation of 1000 kilometer radius.Footnote 20. Additionally, Cole etal. 2020). 2014) remain. These empirical studies all share that they use firm-level data to draw conclusions on upstream and downstream production disruptions. 6. Economic impact of Hurricane Florence set to devastate US east coast It . 2014). Figure 8 also offers an explanation for the downturn of the mining and utilities (C&E) sector aggregate after some years, as shown in Fig. 2020). The meteorological history of Hurricane Florence spanned 22 days from its inception on August 28, 2018, to its dissipation on September 18. Mon Weather Rev 142(10):38813899, Sieg T, Schinko T, Vogel K, Mechler R, Merz B, Kreibich H (2019) Integrated assessment of short-term direct and indirect economic flood impacts including uncertainty quantification. Globally they are among the most destructive natural hazards. Social impacts TBC homes destroyed. Therefore, we can be sure that the reduced sample size does not drive the new results. Ecol Econ 107:333346, Le Cozannet G, Modaressi H, Pedreros R, Garcin M, Krien Y, Desramaut N (2013) Storm surges. To analyze potential indirect effects which could emerge because of changes in the InputOutput composition of the individual sectors, I test the following set of equations for the different Input(j)Output(k) combinations: where \(IO_{i,t}^{j,k}\) indicates the InputOutput coefficient of sectors j and k in year t and country i. Nat Hazards Earth Syst Sci 19(1):137151, Loayza NV, Olaberra E, Rigolini J, Christiaensen L (2012) Natural disasters and growth: going beyond the averages. Bakkensen LA, Park D-SR, Sarkar RSR (2018) Climate costs of tropical cyclone losses also depend on rain. The situation is completely different in the wholesale, retail trade, restaurants, and hotels sector aggregate, where a negative influence can be observed over almost the entire 20-year period. It provides data on 26 homogeneous sectors for 189 countries from 1990 until 2015 and is the only InputOutput panel data set with (nearly) global coverage available. By calculating the annual sectoral GDP per capita growth rate, I lose the first year of observation of the panel. In total, I extend this research area in three ways: First, I introduce a new objective damage measure that allows for sector specific exposure of tropical cyclones. Once it makes landfill, Florence is expected to lash coastal communities with 130-mph winds and to dump several feet of water. The results indicate that the policies should focus on the direct costs of tropical cyclones. Cyclone Freddy - Wikipedia Further details on the data on tropical cyclones can be found in Appendix A.1. Thus, tropical cyclones are and will continue to be a serious threat to the life and assets of a large number of people worldwide. Tropical cyclones are large, cyclonically rotating wind systems that form over tropical or sub-tropical oceans and are mostly concentrated on months in summer or early autumn in both hemispheres (Korty 2013).

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