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El impacto de los eventos climáticos extremos: evidencia de las inundaciones en Valencia
[Quantifying the economic impact of extreme climate events: evidence from Valencia\\\'s floods]

Author

Listed:
  • Camilo Ulloa
  • Agustín García
  • Joxe Mari Barrutiabengoa

Abstract

Este documento presenta un marco metodológico para cuantificar el impacto económico de desastres naturales. Estima una función de daños y mide los efectos sobre el empleo usando un modelo espacial dinámico. La DANA 2024 en Valencia valida el enfoque, y destaca la importancia de la localización y las indemnizaciones. This paper presents a methodological framework to quantify the economic impact of natural disasters. It estimates a damage function and measures employment effects using a dynamic spatial model. The 2024 DANA in Valencia validates the approach and highlights the importance of both location and compensation mechanisms.

Suggested Citation

  • Camilo Ulloa & Agustín García & Joxe Mari Barrutiabengoa, 2025. "El impacto de los eventos climáticos extremos: evidencia de las inundaciones en Valencia [Quantifying the economic impact of extreme climate events: evidence from Valencia\\\'s floods]," Working Papers 25/13, BBVA Bank, Economic Research Department.
    • Handle: RePEc:bbv:wpaper:2513
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    References listed on IDEAS

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    1. Vasco M Carvalho & Makoto Nirei & Yukiko U Saito & Alireza Tahbaz-Salehi, 2021. "Supply Chain Disruptions: Evidence from the Great East Japan Earthquake," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 136(2), pages 1255-1321.
    2. Eric Strobl, 2011. "The Economic Growth Impact of Hurricanes: Evidence from U.S. Coastal Counties," The Review of Economics and Statistics, MIT Press, vol. 93(2), pages 575-589, May.
    3. Eduardo Cavallo & Sebastian Galiani & Ilan Noy & Juan Pantano, 2013. "Catastrophic Natural Disasters and Economic Growth," The Review of Economics and Statistics, MIT Press, vol. 95(5), pages 1549-1561, December.
    4. Jeffrey Groen & Anne Polivka, 2010. "Going home after Hurricane Katrina: Determinants of return migration and changes in affected areas," Demography, Springer;Population Association of America (PAA), vol. 47(4), pages 821-844, November.
    5. Kousky, Carolyn, 2014. "Informing climate adaptation: A review of the economic costs of natural disasters," Energy Economics, Elsevier, vol. 46(C), pages 576-592.
    6. Noy, Ilan, 2009. "The macroeconomic consequences of disasters," Journal of Development Economics, Elsevier, vol. 88(2), pages 221-231, March.
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    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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