DuPont, William; Noy, Ilan - Department of Economics, University of Hawaii-Manoa - 2012
The received wisdom is that the devastation wrought by the 1995 Kobe earthquake did not have any long-term impact on … the Japanese economy, nor much impact on Kobe itself. We re-evaluate the evidence using a new methodology, synthetic … control, and find a persistent and still continuing adverse impact of the quake on the economy of Kobe more than 15 years …
