Rules for Recovery: Impact of Indexed Disaster Funds on Shock Coping in Mexico
| Autor: | Alain de Janvry, Alejandro del Valle, Elisabeth Sadoulet |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Rainfall index
Finance Coping (psychology) Exploit business.industry 05 social sciences 01 natural sciences Natural resource Market liquidity 010104 statistics & probability 0502 economics and business Economic recovery Business 050207 economics 0101 mathematics General Economics Econometrics and Finance |
| Zdroj: | American Economic Journal: Applied Economics. 12:164-195 |
| ISSN: | 1945-7790 1945-7782 |
| DOI: | 10.1257/app.20190002 |
| Popis: | Government provision of disaster transfers is typically hampered by liquidity constraints and by weak rules and administrative capacity to disburse reconstruction resources. We show that by easing these hurdles, Mexico’s indexed disaster fund (Fonden) considerably accelerates economic recovery after a disaster. To estimate Fonden impact on recovery, as measured by night lights, we exploit the heavy rainfall index that determines program eligibility. We find that for one year after a disaster, eligible municipalities are 6 percent brighter than those ineligible, with gains likely concentrated among less resilient municipalities. We additionally document how Fonden rules shield resources from political abuse. (JEL G22, H12, H84, O13, O18, Q54, R38) |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|