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Title: Land and real estate price sensitivity to a disaster: Evidence from the 2011 Thai floods
Authors: Sawada, Yasuyuki
Nakata, Hiroyuki
Sekiguchi, Kunio
Okuyama, Yoko
First Published: 24-Jan-2018
Publisher: Economics Bulletin
Citation: Economics Bulletin, 2018, 38 (1), pp. 89-97
Abstract: 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.
eISSN: 1545-2921
Version: Publisher Version
Status: Peer-reviewed
Type: Journal Article
Rights: Copyright © 2018, Economics Bulletin. Deposited with reference to the publisher’s open access archiving policy. (
Appears in Collections:Published Articles, Dept. of Economics

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