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Economic Impacts of the 2010 Floods in North Sindh: A Hicksian Compensating Variation Approach

Author

Listed:
  • Imtiaz Ahmed Pirzada

    (Sindh University Jamshoro, Pakistan)

  • Parveen Shah

    (Shah Abdul-Latif University, Pakistan)

  • Naveed Ahmed Shaikh

    (Shaheed Zulfikar Ali Bhutto Institute of Science and Technology, UAE)

Abstract

Present study has applied Hicksian Compensating Variation approach for empirical estimation of the welfare loss in the households of the four selected districts of North Sindh (Qamber Shahdadkot, Kashmore-Kandhkot, Jacobabad and Shikarpur) that were severely affected during flood 2010. The income and substitution effects were estimated from Marshallian demand curves. Slutsky equation is applied to isolate the income effect from the total effect to estimate the Hicksian demand equations. The total intervention estimated to be required was approximately PKR 61.16 billion in the four selected districts however the total intervention provided in the form of rescue, relief, rehabilitation, and reconstruction was equal to PKR 47.2 billion. A short fall of approximately PKR 15 billion was observed. The Hicksian Compensation required estimated per household per month is to the tune of PKR 11703 per month.

Suggested Citation

  • Imtiaz Ahmed Pirzada & Parveen Shah & Naveed Ahmed Shaikh, 2018. "Economic Impacts of the 2010 Floods in North Sindh: A Hicksian Compensating Variation Approach," EconSciences Library Books, EconSciences Library Books, edition 1, number 978-605-2132-84-5.
    • Handle: RePEc:cvv:eslbks:978-605-2132-84-5
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    References listed on IDEAS

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    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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