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Hurricane damage risk assessment in the Caribbean: An analysis using synthetic hurricane events and nightlight imagery

Author

Listed:
  • Luisito Bertinelli

    (CREA - Centre de Recherche en Epistémologie Appliquée - X - École polytechnique - IP Paris - Institut Polytechnique de Paris - CNRS - Centre National de la Recherche Scientifique, Faculty of Law, Economics and Finance - uni.lu - Université du Luxembourg = University of Luxembourg = Universität Luxemburg)

  • Preeya Mohan
  • Eric Strobl

    (X - École polytechnique - IP Paris - Institut Polytechnique de Paris, IPAG Business School, GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

Abstract

History has shown that hurricanes can cause catastrophic destruction and impede economic growth in the Caribbean. Nevertheless, there is essentially as of date no comprehensive quantitative risk and anticipated loss assessment for the region. In this paper we use synthetic hurricane tracks and local income proxies to estimate expected risk and losses if a climate similar to the last 30 years prevails. We show that on average, the annual fraction of expected property damage and subsequent impacts on income are nonnegligible, with large variations across islands.

Suggested Citation

  • Luisito Bertinelli & Preeya Mohan & Eric Strobl, 2016. "Hurricane damage risk assessment in the Caribbean: An analysis using synthetic hurricane events and nightlight imagery," Post-Print hal-01446214, HAL.
    • Handle: RePEc:hal:journl:hal-01446214
    DOI: 10.1016/j.ecolecon.2016.02.004
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    Cited by:

    1. Giuseppe Maggio & Marina Mastrorillo & Nicholas J. Sitko, 2022. "Adapting to High Temperatures: Effect of Farm Practices and Their Adoption Duration on Total Value of Crop Production in Uganda," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(1), pages 385-403, January.
    2. Ignaciuk, A. & Maggio, G. & Mastrorillo, M. & Sitko, N., "undated". "Adapting to high temperatures: evidence on the impacts of sustainable agricultural practices in Uganda," ESA Working Papers 309364, Food and Agriculture Organization of the United Nations, Agricultural Development Economics Division (ESA).
    3. Dinan, Terry, 2017. "Projected Increases in Hurricane Damage in the United States: The Role of Climate Change and Coastal Development," Ecological Economics, Elsevier, vol. 138(C), pages 186-198.
    4. Fontaine, Idriss & Hermet, François & Lucic, Nicolas, 2025. "Are nightlight data a relevant proxy for economic activity in small island developing states ?," Economics Letters, Elsevier, vol. 253(C).
    5. Idriss Fontaine & Sabine Garabedian & H l ne V r mes, 2022. "The current and future costs of tropical cyclones: A case study of La R union," TEPP Working Paper 2022-10, TEPP.
    6. Cardella, Eric & Keeler, Zachary & Ewing, Bradley T. & Liang, Daan, 2025. "Small business recovery and resilience in the aftermath of hurricane Harvey," Journal of Economic Behavior & Organization, Elsevier, vol. 234(C).
    7. Yugang Ding & Peiyun Deng, 2024. "Learning from natural disasters: Evidence from enterprise property insurance take-up in China," Journal of Risk and Uncertainty, Springer, vol. 68(3), pages 299-334, June.

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