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We provide the first household survey-based evidence on the impact of the 2008 Wenchuan earthquake on the welfare of … rural households. Asset and income losses were substantial, especially in seriously affected areas. Our main finding is that … mean income per capita was 17.5% higher in 2008 than in 2007 and the poverty rate actually declined from 34% to 19%. Using …
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We set forth the macroeconomics evaluation of floods (MEF) model, a new model to assess and evaluate the impact of floods on GNP growth. This model points to a new, more concrete approach to measure the economic impact of floods. Up to now, the measurement has been subject to a great deal of...
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