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Assessing potential loss and damage for flood hazard using an econometric modelling technique

Basnayake, S, Ulubasoglu, Mehmet, Rahman, Md Habibur, Premalal, S, Chandrapala, L, Shrestha, ML, Jayasinghe, S and Gupta, N 2021, Assessing potential loss and damage for flood hazard using an econometric modelling technique, APN Science Bulletin, vol. 11, no. 1, pp. 1-13, doi: 10.30852/sb.2021.1499.

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Title Assessing potential loss and damage for flood hazard using an econometric modelling technique
Author(s) Basnayake, S
Ulubasoglu, MehmetORCID iD for Ulubasoglu, Mehmet orcid.org/0000-0003-3055-5755
Rahman, Md HabiburORCID iD for Rahman, Md Habibur orcid.org/0000-0002-8493-3873
Premalal, S
Chandrapala, L
Shrestha, ML
Jayasinghe, S
Gupta, N
Journal name APN Science Bulletin
Volume number 11
Issue number 1
Start page 1
End page 13
Total pages 13
Publisher Asia-Pacific Network for Global Change Research
Place of publication Tokyo, Japan
Publication date 2021
ISSN 2522-7971
Keyword(s) Econometric modelling
flood hazard
loss and damage
yield loss
Summary Agriculture production largely depends on weather conditions and is extremely prone to natural hazards. A more frequent and severe occurrence of natural hazards such as storms and floods has put food security at increased risk in recent decades. Evaluating the true impact (loss and damage) of disaster in the agriculture sector is very challenging. The present study focusses on using a zrandomized field experimental approach at both district and micro agricultural-plot levels to investigate the impact of floods on agricultural yields in Sri Lanka and its effect on farmers who are averse to taking risks and those who are willing to take risks. A detailed site selection technique has been used in the study. The dissimilarity in difference estimates indicates that flood-affected households have experienced the loss of paddy and non-paddy crops. However, the net loss of non-paddy is higher than that in paddy. Farmers offset this loss by expanding crop cultivated areas zthat utilize soaked fields after the flood, though there are risks of pest attack and diseases. The results are not driven by household-specific characteristics and are robust to several specifications, different crop types and alternative flood-severity measures.
Language eng
DOI 10.30852/sb.2021.1499
HERDC Research category C1 Refereed article in a scholarly journal
Free to Read? Yes
Persistent URL http://hdl.handle.net/10536/DRO/DU:30158077

Document type: Journal Article
Collections: Faculty of Business and Law
Open Access Collection
Department of Economics
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Created: Mon, 01 Nov 2021, 07:07:32 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.