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| Author: | Cavallo, E. Powell, A. Becerra, O. |
| Title: | Estimating the direct economic damages of the earthquake in Haiti |
| Journal: | Economic Journal
2010 : AUG, VOL. 120:546 p. F298-F312 |
| Index terms: | disasters money demography |
| Language: | eng |
| Abstract: | This paper evaluates the monetary damages caused by the 2010 earthquake in Haiti. Damages are estimated for a disaster with both 200,000 and 250,000 total dead and missing, using Haiti's economic and demographic data. The base estimate is US$8.1bn, but for numerous reasons this may be a lower-bound estimate. While the results are subject to many caveats, including possibly high forecast error, the implications of such an estimate are remarkable. Raising such a figure will require many donors. Hence excellent coordination of funding and execution will be key to ensuring the efficient use of funds. |
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