# name
The Economic Cost of A Hurricane: A Case Study of Puerto Rico and Hurricane Georges 1998 Using Synthetic Control Method

# metadata.dc.description.abstract[].value
The aim of this study is to evaluate the long–term effect of a hurricane in the output of a country. The study estimates the effects of Hurricane Georges on Puerto  Rico  in  1998  using  aggregated  level  data.  To  do  so,  this  research uses  a  suitable  method  for  comparative  studies,  the  synthetic  control method.  Hurricane  Georges  caused  an  estimate  of  US $4.3  billion  in  direct damages.  The  results  give  validity  to  recent  studies  on  natural  disasters providing negative effects on growth. It was found that the Purchasing Power Parity over GDP could have been 9 percent higher by 2010 if the hurricane would  have  never  affected  Puerto  Rico.  Moreover,  it  shows  that  Puerto Rico’s economy has yet to recover after 12 years of the event. The case of Georges brings an insight into the long–term impacts of a natural disaster as a  singular  event.  A  difference  in  time  and  country  is  conducted  as  an alternative method with also negative effects on the dependable variable.

# metadata.dc.publisher[].value
Universitat de Barcelona. Facultat d'Economia i Empresa

# metadata.dc.source[].value
Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

# metadata.dc.title[].value
The Economic Cost of A Hurricane: A Case Study of Puerto Rico and Hurricane Georges 1998 Using Synthetic Control Method