Natural disasters have a statistically observable adverse impact on the macro-economy in the short-run. Not surprisingly, costlier events cause more pronounced slowdowns in production. Yet, interestingly, developing countries, and smaller economies, face much larger output declines following a...

In 2011, Thailand experienced its worst flooding in decades; it caused widespread damages, and a considerable loss of life. Using data from the Thai Household Socio-Economic Survey (THSES), this paper analyses its economic impacts. In the 2012 THSES, households answered a set of questions on the...