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Socioeconomic effects of an earthquake: does spatial heterogeneity matter?

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  • Francesco Pagliacci
  • Margherita Russo

Abstract

Estimation of the macroeconomic effects of an earthquake critically depends on the identification of the affected area's boundaries, socioeconomic local heterogeneity and proper counterfactual analysis. By taking the 2012 Emilia-Romagna earthquake (Italy) as a case study, this paper answers these questions in a sub-regional framework. Cluster analysis tackles the heterogeneity issue, returning different types of affected municipalities. A difference-in-differences analysis then suggests that, since 2012, some clusters (and some municipalities within them) have performed better than others. This contrasts with the results observed by comparing the whole affected area with the non-affected one, with implications for both policy interventions and the recovery processes.

Suggested Citation

  • Francesco Pagliacci & Margherita Russo, 2019. "Socioeconomic effects of an earthquake: does spatial heterogeneity matter?," Regional Studies, Taylor & Francis Journals, vol. 53(4), pages 490-502, April.
  • Handle: RePEc:taf:regstd:v:53:y:2019:i:4:p:490-502
    DOI: 10.1080/00343404.2018.1462483
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    Cited by:

    1. Clarke, Lorcan, 2020. "An introduction to economic studies, health emergencies, and COVID-19," LSE Research Online Documents on Economics 105051, London School of Economics and Political Science, LSE Library.
    2. Pagliacci, Francesco & Russo, Margherita, 2018. "Be (and have) good neighbours! Factors of vulnerability in the case of multiple hazards," MPRA Paper 98044, University Library of Munich, Germany, revised 25 Nov 2019.

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