The damaging effects of extreme weather is concerning for many countries across the globe.Though the impact of these events on the housing market has been studied extensively,one aspect that remains unexplored is the ...The damaging effects of extreme weather is concerning for many countries across the globe.Though the impact of these events on the housing market has been studied extensively,one aspect that remains unexplored is the value of mortgages.Further,there is no clarity on the impact of the specific types of homes.This study analyzed mortgages and apartment values and included residential land sale prices over 16 years for different localities across Jamaica.The analysis revealed that mortgages are adversely affected by excess rainfall while apartment sale prices are reduced by hurricanes but increased by excess rain.However,residential land prices remain unaffected by both events.The results point to the importance of climate adaptation for the local real estate market and property investment.展开更多
This study investigated the impact of extreme climate events on work absence in Jamaica.To this end,we constructed a quarterly individual level dataset on labor market and climatic data for 2004-2014.We find that whil...This study investigated the impact of extreme climate events on work absence in Jamaica.To this end,we constructed a quarterly individual level dataset on labor market and climatic data for 2004-2014.We find that while excess rainfall increases the odds of being temporarily absent from work,heat is unlikely to have an effect.The estimated outcome of excess rainfall is reasonable given the possibility of flooded roads,which can impede travel to work.This draws attention to the development of e-commuting policies to mitigate any negative effects on productivity.展开更多
Production efficiency is a key determinant of economic growth and demonstrates how a country uses its resources by relating the quantity of its inputs to its outputs. When a natural hazard-induced disaster strikes, it...Production efficiency is a key determinant of economic growth and demonstrates how a country uses its resources by relating the quantity of its inputs to its outputs. When a natural hazard-induced disaster strikes, it has a devastating impact on capital and labor, but at the same time provides an opportunity to upgrade capital and increase labor demand and training opportunities, thereby potentially boosting production efficiency. We studied the impact of natural hazard-induced disasters on countries’ production efficiency, using the case study of hurricanes in the Caribbean. To this end we built a country-specific,time-varying data set of hurricane damage and national output and input indicators for 17 Caribbean countries for the period 1940–2014. Our results, using a stochastic frontier approach, show that there is a short-lived production efficiency boost, and that this can be large for very damaging storms.展开更多
文摘The damaging effects of extreme weather is concerning for many countries across the globe.Though the impact of these events on the housing market has been studied extensively,one aspect that remains unexplored is the value of mortgages.Further,there is no clarity on the impact of the specific types of homes.This study analyzed mortgages and apartment values and included residential land sale prices over 16 years for different localities across Jamaica.The analysis revealed that mortgages are adversely affected by excess rainfall while apartment sale prices are reduced by hurricanes but increased by excess rain.However,residential land prices remain unaffected by both events.The results point to the importance of climate adaptation for the local real estate market and property investment.
文摘This study investigated the impact of extreme climate events on work absence in Jamaica.To this end,we constructed a quarterly individual level dataset on labor market and climatic data for 2004-2014.We find that while excess rainfall increases the odds of being temporarily absent from work,heat is unlikely to have an effect.The estimated outcome of excess rainfall is reasonable given the possibility of flooded roads,which can impede travel to work.This draws attention to the development of e-commuting policies to mitigate any negative effects on productivity.
文摘Production efficiency is a key determinant of economic growth and demonstrates how a country uses its resources by relating the quantity of its inputs to its outputs. When a natural hazard-induced disaster strikes, it has a devastating impact on capital and labor, but at the same time provides an opportunity to upgrade capital and increase labor demand and training opportunities, thereby potentially boosting production efficiency. We studied the impact of natural hazard-induced disasters on countries’ production efficiency, using the case study of hurricanes in the Caribbean. To this end we built a country-specific,time-varying data set of hurricane damage and national output and input indicators for 17 Caribbean countries for the period 1940–2014. Our results, using a stochastic frontier approach, show that there is a short-lived production efficiency boost, and that this can be large for very damaging storms.
