@article {bnh-6056, title = {Floods, bushfires and sectoral economic output in Australia, 1978-2014}, journal = {Economic Record}, volume = {95}, year = {2018}, month = {11/2018}, pages = {58-80}, abstract = {

Using state-level annual variation in natural disasters and economic output in Australia, we estimate the direct effects of floods and bushfires on sectoral gross value added during the period 1978{\textendash}2014. We find that floods exert an adverse and persistent effect on the outputs of agriculture, mining, construction and financial services sectors. For example, our estimates indicate that a state that experienced a flood in a given year encountered, on average, 5{\textendash}6 per cent lower agricultural output in both that year and the following year, compared to another state with no such flood experience. Sectoral responses to bushfires are more nuanced.

}, keywords = {economic, Floods, Natural hazards}, doi = { https://doi.org/10.1111/1475-4932.12446}, url = {https://onlinelibrary.wiley.com/doi/full/10.1111/1475-4932.12446}, author = {Mehmet Ulubasoglu and Muhamman Rahman and Yasin Onder and Chen, Yang and Abbas Rajabifard} }