artículo
Medium-run local economic effects of a major earthquake
Fecha
2022Registro en:
10.1093/jeg/lbac010
1468-2710
1468-2702
WOS:000799468200001
Autor
Aguirre, Paula
Asahi, Kenzo
Diaz-Rioseco, Diego
Riveros, Ignacio
Valdes, Rodrigo O.
Institución
Resumen
Existing research is inconclusive regarding the longer-term economic effects of earthquakes. We examine the medium-run impacts of the 2010 earthquake in Chile, the sixth-largest ever recorded, using value-added tax collection as a proxy for economic activity at the municipal level and a measure of local ground-shaking intensity. We find that the affected municipalities suffered a relevant and persistent drop in their economic activity of about 10%, 8-9 years after the event. We discuss the plausibility of the assumption of conditional parallel trends and show that the overall results are robust to using alternative estimation methods.