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The Cleansing Effect of Hurricanes

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  • Martino Pelli

    ()
    (Département d'économique, Université de Sherbrooke)

  • Jeanne Tschopp

    ()
    (Vancouver School of Economics, University of British Columbia)

Abstract

Do hurricanes have a cleansing effect? To answer this question, we test whether hurricanes lead to a reorganization of exports towards goods with higher comparative advantage. Using manufacturing exports disaggregated at the HS6 level over the period 1995-2005, we find that lower comparative advantage product lines suffer disproportionately more in the aftermath of a hurricane. In particular, our estimates indicate that products in the bottom quartile of the comparative advantage distribution suffer at least 1.5 times more than the most efficient products, located at the upper tail of the distribution, beyond the 75 percentile. Moreover, our results support the predictions of the factor proportion model.

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Bibliographic Info

Paper provided by Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke in its series Cahiers de recherche with number 13-04.

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Length: 12 pages
Date of creation: Oct 2013
Date of revision:
Handle: RePEc:shr:wpaper:13-04

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Postal: Sherbrooke, Québec, J1K 2R1
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Web page: http://www.gredi.org/home/documents-de-travail
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Keywords: hurricanes; comparative advantage; trade;

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