Estimating the Direct Economic Damage of the Earthquake in Haiti
This paper uses simple regression techniques to make an initial assessment of the monetary damages caused by the January 12, 2010 earthquake that struck Haiti. Damages are estimated for a disaster with both 200,000 and 250,000 total dead and missing (i.e., the range of mortality that the earthquake is estimated to have caused) using Haitis economic and demographic data. The base estimate is US$8.1bn for a death toll of 250,000, but for several reasons this may be a lower- bound estimate. An estimate of US$13.9bn for the same death toll is within statistical error. While the results are subject to many caveats, the implications of such an estimate are significant. Raising such a figure will require many donorsbilateral, multilateral and private. Hence excellent coordination of funding and execution will be the key to ensuring the efficient use of funds.
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Subjects: | Disaster, F35 - Foreign Aid, O11 - Macroeconomic Analyses of Economic Development, O19 - International Linkages to Development • Role of International Organizations, O54 - Latin America • Caribbean, Q54 - Climate • Natural Disasters and Their Management • Global Warming, IDB-WP-163, |
Online Access: | http://dx.doi.org/10.18235/0010926 https://publications.iadb.org/en/estimating-direct-economic-damage-earthquake-haiti |
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dig-bid-node-101172024-05-30T20:25:17ZEstimating the Direct Economic Damage of the Earthquake in Haiti 2010-02-16T00:00:00+0000 http://dx.doi.org/10.18235/0010926 https://publications.iadb.org/en/estimating-direct-economic-damage-earthquake-haiti Inter-American Development Bank Disaster F35 - Foreign Aid O11 - Macroeconomic Analyses of Economic Development O19 - International Linkages to Development • Role of International Organizations O54 - Latin America • Caribbean Q54 - Climate • Natural Disasters and Their Management • Global Warming IDB-WP-163 This paper uses simple regression techniques to make an initial assessment of the monetary damages caused by the January 12, 2010 earthquake that struck Haiti. Damages are estimated for a disaster with both 200,000 and 250,000 total dead and missing (i.e., the range of mortality that the earthquake is estimated to have caused) using Haitis economic and demographic data. The base estimate is US$8.1bn for a death toll of 250,000, but for several reasons this may be a lower- bound estimate. An estimate of US$13.9bn for the same death toll is within statistical error. While the results are subject to many caveats, the implications of such an estimate are significant. Raising such a figure will require many donorsbilateral, multilateral and private. Hence excellent coordination of funding and execution will be the key to ensuring the efficient use of funds. Inter-American Development Bank Eduardo A. Cavallo Andrew Powell Oscar Becerra Working Papers application/pdf IDB Publications Haiti en |
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Disaster F35 - Foreign Aid O11 - Macroeconomic Analyses of Economic Development O19 - International Linkages to Development • Role of International Organizations O54 - Latin America • Caribbean Q54 - Climate • Natural Disasters and Their Management • Global Warming IDB-WP-163 Disaster F35 - Foreign Aid O11 - Macroeconomic Analyses of Economic Development O19 - International Linkages to Development • Role of International Organizations O54 - Latin America • Caribbean Q54 - Climate • Natural Disasters and Their Management • Global Warming IDB-WP-163 |
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Disaster F35 - Foreign Aid O11 - Macroeconomic Analyses of Economic Development O19 - International Linkages to Development • Role of International Organizations O54 - Latin America • Caribbean Q54 - Climate • Natural Disasters and Their Management • Global Warming IDB-WP-163 Disaster F35 - Foreign Aid O11 - Macroeconomic Analyses of Economic Development O19 - International Linkages to Development • Role of International Organizations O54 - Latin America • Caribbean Q54 - Climate • Natural Disasters and Their Management • Global Warming IDB-WP-163 Inter-American Development Bank Estimating the Direct Economic Damage of the Earthquake in Haiti |
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This paper uses simple regression techniques to make an initial assessment of the monetary damages caused by the January 12, 2010 earthquake that struck Haiti. Damages are estimated for a disaster with both 200,000 and 250,000 total dead and missing (i.e., the range of mortality that the earthquake is estimated to have caused) using Haitis economic and demographic data. The base estimate is US$8.1bn for a death toll of 250,000, but for several reasons this may be a lower- bound estimate. An estimate of US$13.9bn for the same death toll is within statistical error. While the results are subject to many caveats, the implications of such an estimate are significant. Raising such a figure will require many donorsbilateral, multilateral and private. Hence excellent coordination of funding and execution will be the key to ensuring the efficient use of funds. |
author2 |
Eduardo A. Cavallo |
author_facet |
Eduardo A. Cavallo Inter-American Development Bank |
format |
Working Papers |
topic_facet |
Disaster F35 - Foreign Aid O11 - Macroeconomic Analyses of Economic Development O19 - International Linkages to Development • Role of International Organizations O54 - Latin America • Caribbean Q54 - Climate • Natural Disasters and Their Management • Global Warming IDB-WP-163 |
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Inter-American Development Bank |
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Inter-American Development Bank |
title |
Estimating the Direct Economic Damage of the Earthquake in Haiti |
title_short |
Estimating the Direct Economic Damage of the Earthquake in Haiti |
title_full |
Estimating the Direct Economic Damage of the Earthquake in Haiti |
title_fullStr |
Estimating the Direct Economic Damage of the Earthquake in Haiti |
title_full_unstemmed |
Estimating the Direct Economic Damage of the Earthquake in Haiti |
title_sort |
estimating the direct economic damage of the earthquake in haiti |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0010926 https://publications.iadb.org/en/estimating-direct-economic-damage-earthquake-haiti |
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AT interamericandevelopmentbank estimatingthedirecteconomicdamageoftheearthquakeinhaiti |
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1806236713463316480 |