Disentangling the effects of multiple treatments—Measuring the net economic impact of the 1995 great Hanshin-Awaji earthquake

Disentangling the effects of multiple treatments—Measuring the net economic impact of the 1995 great Hanshin-Awaji earthquake

We propose a panel data approach to disentangle the impact of “one treatment” from the “other treatment” when the observed outcomes are subject to both treatments. We use the Great Hanshin-Awaji earthquake that took place on January 17, 1995 to illustrate our methodology. We find that there were no...

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Veröffentlicht in:Journal of econometrics 2015-05, Vol.186 (1), p.66-73
Hauptverfasser: Fujiki, Hiroshi, Hsiao, Cheng
Format: Artikel
Sprache:eng
Schlagworte:
Earthquakes
Econometrics
Economic impact
Economic impact analysis
Economic theory
Great Hanshin-Awaji earthquake, natural disaster, measurement without theory
Methodology
Multiple treatment effects
Panel data
Structural change
Studies
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Zusammenfassung:We propose a panel data approach to disentangle the impact of “one treatment” from the “other treatment” when the observed outcomes are subject to both treatments. We use the Great Hanshin-Awaji earthquake that took place on January 17, 1995 to illustrate our methodology. We find that there were no persistent earthquake effects. The observed persistent effects are due to structural change in Hyogo prefecture.
ISSN:0304-4076
1872-6895
DOI:10.1016/j.jeconom.2014.10.010