Cookies?
Library Header Image
LSE Research Online LSE Library Services

The impact of the Indian Ocean tsunami on Aceh’s long-term economic growth

Heger, Martin Philipp and Neumayer, Eric (2019) The impact of the Indian Ocean tsunami on Aceh’s long-term economic growth. Journal of Development Economics, 141. ISSN 0304-3878

[img] Text (The impact of the Indian Ocean tsunami) - Accepted Version
Repository staff only until 2 July 2021.

Download (778kB) | Request a copy

Identification Number: 10.1016/j.jdeveco.2019.06.008

Abstract

Existing studies typically find that natural disasters have negative economic consequences, resulting in, at best, a recovery to trend after initial losses or, at worst, longer term sustained losses. We exploit the unexpected nature of the 2004 Indian Ocean tsunami for carrying out a quasi-experimental difference-in-differences analysis of flooded districts and sub-districts in Aceh. The Indonesian province saw the single largest aid and reconstruction effort of any developing world region ever afflicted by a natural disaster. We show that this effort triggered higher long-term economic output than would have happened in the absence of the tsunami.

Item Type: Article
Additional Information: © 2019 Elsevier B.V.
Divisions: Geography & Environment
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HC Economic History and Conditions
JEL classification: O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output (Income) Convergence
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate; Natural Disasters
Date Deposited: 03 Jul 2019 10:00
Last Modified: 28 May 2020 23:11
URI: http://eprints.lse.ac.uk/id/eprint/101115

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics