文章基本信息

标题：Land and Real Estate Price Sensitivity to a Disaster: Evidence from the 2011 Thai Floods
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作者：Yasuyuki Sawada ; Hiroyuki Nakata ; Kunio Sekiguchi 等
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2018
卷号：38
期号：1
页码：1-10
出版社：Economics Bulletin
摘要：This paper investigates the impacts of a natural disaster on land and real estate prices. Using unique land and real estate price panel datasets for multiple periods, one group before and the other after the 2011 floods in Thailand, we find that the floods adversely affected land prices for industrial use. However, the prices of commercial and residential land did not decline despite substantial damages from the floods, suggesting a relative lack of liquidity or other frictions in the land and real estate markets in Thailand.