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Estimating the Direct Economic Damages of the Earthquake in Haiti

  • Eduardo Cavallo
  • Andrew Powell
  • Oscar Becerra

This article makes an initial assessment of the monetary damages caused by the 2010 earthquake in Haiti. Damages are estimated for a disaster with both 200,000 and 250,000 total dead and missing, using Haiti's economic and demographic data. The base estimate is US$8.1bn, but for several reasons this may be a lower-bound estimate. While the results are subject to many caveats, including possibly high forecast error, the implications of such an estimate are significant. Raising such a figure will require many donors. Hence excellent coordination of funding and execution will be key to ensuring the efficient use of funds. Copyright � The Author(s). Journal compilation � Royal Economic Society 2010.

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Article provided by Royal Economic Society in its journal The Economic Journal.

Volume (Year): 120 (2010)
Issue (Month): 546 (08)
Pages: F298-F312

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Handle: RePEc:ecj:econjl:v:120:y:2010:i:546:p:f298-f312
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