Unearthing the impact of earthquakes: A review of economic and social consequences

• 成果类型: Article
• 署名作者: Aksoy, Cevat Giray; Chupilkin, Maxim; Koczan, Zsoka; Plekhanov, Alexander
• 署名单位: European Bank of Reconstructon & Development; University of London; King's College London; IZA Institute Labor Economics; University of Oxford
• 刊物名称: JOURNAL OF POLICY ANALYSIS AND MANAGEMENT
• ISSN/ISSBN: 1520-7032
• DOI: 10.1002/pam.22642
• 发表日期: 2025
• 页码: 1450-1471
• 关键词: natural disasters; GROWTH; CORRUPTION; LESSONS; trust; kobe

摘要

The purpose of this paper is to offer a comprehensive overview of the socioeconomic effects of earthquakes. We begin with a thorough literature review. Following this, we assess policy measures taken in response to major earthquakes, drawing on existing research to formulate insights and recommendations that policymakers can use to effectively navigate the risks in the aftermath of such disasters. In addition to reviewing the literature and analyzing policy interventions, we conduct an in-depth examination of the economic repercussions of earthquakes. Our analysis utilizes data from around 80 significant earthquakes across more than 30 countries. The findings indicate that, while the overall effect of major earthquakes on GDP per capita is generally small, the impact on fiscal accounts can be substantial, although this varies significantly between economies. External trade balances tend to weaken, with a considerable decrease in exports and an ambiguous effect on imports.