Do floods have permanent effects? Evidence from the Netherlands

Autor: Husby, T.G., de Groot, H.L.F., Hofkes, M.W., Dröes, M.I.
Přispěvatelé: Environmental Economics, Spatial Economics, Economics, Amsterdam Global Change Institute, Finance (ABS, FEB)
Jazyk: angličtina
Rok vydání: 2014
Předmět:
Zdroj: Journal of Regional Science, 54(3), 355-377. Wiley-Blackwell
Husby, T G, de Groot, H L F, Hofkes, M W & Dröes, M I 2014, ' Do floods have permanent effects? Evidence from the Netherlands ', Journal of Regional Science, vol. 54, no. 3, pp. 355-377 . https://doi.org/10.1111/jors.12112
ISSN: 0022-4146
DOI: 10.1111/jors.12112
Popis: This study investigates the short- and long-run impact on population dynamics of the major flood in the Netherlands in 1953. A dynamic difference-in-differences analysis reveals that the flood had an immediate negative impact on population growth, but limited long-term effects. In contrast, the resulting flood protection program (Deltaworks), had a persisting positive effect on population growth. As a result, there has been an increase in population in flood-prone areas. Our results suggest a moral hazard effect of flood mitigation leading to more people locating in flood-prone areas, increasing potential disaster costs. © 2014 Wiley Periodicals, Inc.
Databáze: OpenAIRE
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