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Climate change and natural disasters: Government mitigation activities and public property demand response

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  • Hein, Walter
  • Wilson, Clevo
  • Lee, Boon
  • Rajapaksa, Darshana
  • de Moel, Hans
  • Athukorala, Wasantha
  • Managi, Shunsuke

Abstract

The level of public response to extreme catastrophes is considerably greater than concern over climate change. This research compares the public’s responses to extreme disasters and climate change when governments intervene to mitigate long-term climate change impacts. To do so we examine the property market behaviour in response to beach erosion and cyclone damage in Queensland, Australia. The results show that the impact on the property market of the public’s response to the negative impact of cyclones is more marked than its response to the negative impact of beach erosion. The relative non-responsiveness to beach erosion can be seen as a product of both local government intervention strategies and the recreational and aesthetic attractions of beaches. This study, therefore, provides useful insights for the development of sustainable coastal development strategies.

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  • Hein, Walter & Wilson, Clevo & Lee, Boon & Rajapaksa, Darshana & de Moel, Hans & Athukorala, Wasantha & Managi, Shunsuke, 2019. "Climate change and natural disasters: Government mitigation activities and public property demand response," Land Use Policy, Elsevier, vol. 82(C), pages 436-443.
    • Handle: RePEc:eee:lauspo:v:82:y:2019:i:c:p:436-443
    DOI: 10.1016/j.landusepol.2018.12.026
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    More about this item

    Keywords

    Beach erosion; Climate change; Cyclone; Hedonic analysis; Natural disaster;
    All these keywords.

    JEL classification:

    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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