The impact of cyclones on local economic growth: Evidence from local projections
利用夜间灯光数据代理地方GDP，构建月度-地区级气旋指数，通过局部投影法发现气旋对印度地方经济增长的负面冲击在事件后4-8个月最大，年度数据会掩盖短期动态差异。
We shed new light on the short-term dynamic effects of cyclones on local economic growth in India. We proxy local GDP growth with night-time light intensity data and construct a cyclone index that varies across months and districts depending on wind speed exposures. Using local projections on highly granular data for the period 1993M1-2011M12, we find that yearly estimations hide large short-term differential impacts and that the negative impact of cyclones is the largest between 4 and 8 months after the event.