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    Earthquakes don't kill, built environment does: Evidence from cross-country data

    Access Status
    Fulltext not available
    Authors
    Rahman, Habib
    Date
    2018
    Type
    Journal Article
    
    Metadata
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    Citation
    Rahman, M.H. 2018. Earthquakes don't kill, built environment does: Evidence from cross-country data. Economic Modelling. 70: pp. 458-468.
    Source Title
    Economic Modelling
    DOI
    10.1016/j.econmod.2017.08.027
    ISSN
    0264-9993
    Faculty
    Faculty of Business and Law
    School
    School of Economics, Finance and Property
    URI
    http://hdl.handle.net/20.500.11937/80689
    Collection
    • Curtin Research Publications
    Abstract

    © 2017 Elsevier B.V.

    Earthquakes are often attributed to a myriad of human casualties, but its variation is quite remarkable across countries. This paper first presents a conceptual analysis to understand why earthquake casualties vary across countries. After that, using a rich panel dataset of countries observed over half a century, from 1950 to 2009, this paper provides empirical evidence that the middle-income countries are more susceptible to earthquake casualties because of its higher level of vulnerable buildings relative to the low- and high-income countries. This finding retains its robustness when I use different income-based criteria of country classification, control for earthquake probabilities, capture institutional effects, and devise alternative specifications. The results suggest that the governments can significantly reduce earthquake casualties by emphasising on the quality—rather than quantity—of built environment through enforcing quake-resistant regulations.

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