中国
面板数据
经济
投资(军事)
人均
人口经济学
资产(计算机安全)
期限(时间)
发展经济学
地理
计量经济学
政治学
人口学
人口
法学
考古
社会学
物理
政治
量子力学
计算机科学
计算机安全
作者
Lulu Huang,Qiannan Liu,Yugang Tang
标识
DOI:10.1016/j.worlddev.2023.106446
摘要
This paper examines the short-term and long-term economic impacts of relative-ly small but more frequent earthquakes in China. Using a difference-in-differences approach based on prefecture-level city panel data, combined with a unique data set on seismic events in China, we find that both moderate and strong earthquakes significantly decrease affected prefectures’ GDP per capita in the long run. These effects vary depending on the level of local government fiscal autonomy, social capital intensity, and infrastructure development. We also find that three mechanisms contribute to long-term negative effects: the household savings rate, fixed asset investment, and innovation. Our results provide new insights for policymakers to address relatively small disasters, which can have a significant impact on the local economy in the long run.
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