DO FLOODS HAVE PERMANENT EFFECTS? EVIDENCE FROM THE NETHERLANDS
| Autor: | Marjan W. Hofkes, Martijn Dröes, Trond Husby, Henri L.F. de Groot |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
education.field_of_study
Flood myth Natural resource economics Moral hazard fungi Population food and beverages Environmental Science (miscellaneous) Development humanities Flood risk management Geography parasitic diseases Population growth Flood mitigation Natural disaster education geographic locations |
| Zdroj: | Journal of Regional Science. 54:355-377 |
| ISSN: | 0022-4146 |
| 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. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|