Economic consequences of follow-up disasters: Lessons from the 2011 Great East Japan Earthquake

We apply a Bayesian Panel VAR (BPVAR) and DSGE approach to study the regional effects of the 2011 Great East Japan Earthquake. We disentangle the persistent fall in electricity supply following the Fukushima accident, from the immediate but more temporary production shock attributable to the natural...

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Veröffentlicht in:	Energy economics 2021-12, Vol.104, p.105559, Article 105559
Hauptverfasser:	Evgenidis, Anastasios, Hamano, Masashige, Vermeulen, Wessel N.
Format:	Artikel
Sprache:	eng
Schlagworte:	Accidents Bayesian analysis Bayesian panel VAR Counterfactual analysis Disasters DSGE Earthquakes Economic recovery Economics Electricity Empirical analysis Energy economics Impulse response Industrial production Natural disasters Nuclear accidents Prices Regional development Regional spill-overs Regions Response functions Seismic activity Shock Trade
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