The Impact of Hurricanes on Trade and Welfare: Evidence from US Port-level Exports

Sytsma, Tobias

doi:10.1007/s41885-020-00067-y

Cited by 5 publications

(10 citation statements)

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“…Combined, this research contributes to the existing literature investigating the linkages between trade and natural disasters and is most closely related to the work by Volpe Martincus and Blyde (2013) and Sytsma (2017Sytsma ( , 2020. The study by Volpe Martincus and Blyde (2013), for example, exploits georeferenced data on the 2010 Chilean earthquake and its impact on the local road network to identify the short-run effect of rising transport costs on trade.…”

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confidence: 79%

“…While this study produces convincing evidence that transport costs are a significant barrier to trade and negatively impacted by natural disasters, the focus of Volpe Martincus and Blyde (2013) is on the Chilean road network and it's differential impact across local firms, rather than the impact of HK on US port-level trade and the determinants of the ensuing rerouting effect. Relatedly, Sytsma (2017) and Sytsma (2020) explore the US port-level trade effects from US Hurricanes between 2003 and 2015, identified via variation in wind speeds and out-of-state exports, and consider the global welfare implications from the disaster-induced delays of indirectly affected US exports. While Sytsma's findings provide important insights on the implications across the broader US port network and for global consumers, it differs from my analysis in several aspects.…”

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confidence: 99%

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Natural disasters, aggregate trade resilience, and local disruptions: Evidence from Hurricane Katrina

Friedt

2021

Rev International Economics

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Natural disasters pose a constant threat to human life and economic activity. As evidence by research (see, e.g., Emanuel (2005)) and recent Hurricanes Florence and Michael, as well as the recordbreaking hurricane seasons of 2017 and 2020, the frequency and destructive force of these disasters continue to increase and adversely affect US coastal regions. According to the Centre for Research on the Epidemiology of Disasters (CRED), the frequency of these disasters has increased 10-fold since 1960 and today the global community experiences an average of 384 natural disasters per year, impacting close to 200 million people and causing annual average damages of around $162 billion (Guha-Sapir et al. 2015).

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confidence: 79%

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confidence: 99%

Natural disasters, aggregate trade resilience, and local disruptions: Evidence from Hurricane Katrina

Friedt

2021

Rev International Economics

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“…The Gulf Coast and Atlantic coastline are anticipated to be most significantly affected. For example, for Maintain Supply Chains, hurricanes and tropical storms can affect supply chain operations by imposing temporary costs on consumers and producers through these storms' effects at coastal ports, temporarily delaying the delivery of goods, increasing logistical costs, destroying inventory, and disrupting the distribution of raw materials (Friedt, 2021;Friedt and Crispin, 2021;Sytsma, 2020).…”

Section: Tropical Cyclones and Hurricanesmentioning

confidence: 99%

“…Supply chains are vulnerable to several climate drivers because of their complicated logistic structure and reliance on coastal transportation infrastructure (Scholz et al, 2021). For instance, flooding of transport systems in the Midwest, tropical cyclone and hurricane damage to coastal ports on the Gulf Coast, and drought and extreme heat causing shipping delays along the Mississippi River waterway have caused disruptions to the flow of goods between producers and consumers (Austin, 2019;English et al, 2021;Friedt, 2021;Friedt and Crispin, 2021;National Integrated Drought Information System, undated;Sytsma, 2020;Trans-Border Global Freight Systems, undated). Generally, these disruptions have been regional and temporary and have had only modest impacts on supply chains at a national level (Friedt, 2021).…”

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confidence: 99%

Assessing Risk to the National Critical Functions as a Result of Climate Change

2022

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Tackling the Climate Crisis at Home and Abroad." EO 14008 describes the threat that the climate crisis poses to the United States and to the world and the roles of various federal agencies in addressing it. It directs the Secretary of Homeland Security to "consider the implications of climate change in the Arctic, along our Nation's borders, and to National Critical Functions" ( § 103[e]). The National Critical Functions (NCFs) represent "the functions of government and the private sector so vital to the United States that their disruption, corruption, or dysfunction would have a debilitating effect on security, national economic security, national public health or safety, or any combination thereof" (Cybersecurity and Infrastructure Security Agency [CISA], undated c, p. 1).To fulfill the objectives of the EO, CISA asked the Homeland Security Operational Analysis Center (HSOAC) to (1) develop a risk management framework for integrating climate-driven changes to the strategic operating environment, building on the NCF risk architecture to identify, understand, and manage climatedriven effects on the NCFs; 1 (2) identify the NCFs facing the greatest vulnerability to climate change and, as a result, facing disruption or degradation in the future; and (3) complete a full climate change risk assessment for the NCFs identified as being most vulnerable. This report describes these three activities, presenting the risk management framework as an ongoing capacity for assessing climate-related risk moving forward and highlighting the results of the climate risk assessment that identified NCFs at risk due to climate change. The findings should be of interest to CISA and other federal agencies and partners managing risk to U.S. critical infrastructure.This research was sponsored by CISA and conducted within the Strategy, Policy, and Operations Program of the HSOAC federally funded research and development center (FFRDC).For more information on HSOAC, see www.rand.org/hsoac. For more information on this publication, see www.rand.org/t/RRA1645-7.

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“…In this way, the local economy is not analysed with respect to a recent level, but rather its longer-term productivity trend. While various regions may be specialised in a certain sector, it appears inappropriate to equate a regional economy with a specific sector (Sweeney, Mordue and Carey, 2020 [7]). Therefore, the discussion on regional resilience is best analysed beyond a region-sectoral view.…”

Section: Resilience Of What To What By What Means and With What Outco...mentioning

confidence: 99%

Policies for resilient local economies

2022

OECD Local Economic and Employment Development (LEED) Working Papers

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The COVID-19 pandemic has critically tested OECD economies, with major differences in economic repercussions at the subnational level. The pandemic can be characterised as a combination of shocks to local economies: (i) a recession, (ii) a supply-side shock mirroring a natural disaster, and (iii) the economic and workplace adjustments accelerated by pre-existing megatrends (e.g. automation, green transition). This paper reviews the empirical evidence for effective policies from across the OECD to strengthen local economic resilience through support for people, firms and places. There is a strong need for effective policies in times of recessions, natural disasters and long-term structural change. Policies that strengthen economic resilience strongly overlap with policies for local productivity growth and vice-versa. Moreover, some policies aiming to increase resilience through adding redundancy in production or infrastructure can serve productivity in the long-term.

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The Impact of Hurricanes on Trade and Welfare: Evidence from US Port-level Exports

Cited by 5 publications

References 54 publications

Natural disasters, aggregate trade resilience, and local disruptions: Evidence from Hurricane Katrina

Natural disasters, aggregate trade resilience, and local disruptions: Evidence from Hurricane Katrina

Assessing Risk to the National Critical Functions as a Result of Climate Change

Policies for resilient local economies

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