Graduation Year
2022
Document Type
Open Access Senior Thesis
Degree Name
Bachelor of Arts
Department
Mathematical Economics
Reader 1
Nicholas Kacher
Reader 2
Nayana Bose
Abstract
The 2004 Indian Ocean Tsunami caused 225,000 deaths and economic damages of a little bit less than $10 billion. In this paper, I look at the differences in resilience between the countries affected by this natural disaster and those that were not. By adopting a difference-in-differences regression model and looking at GDP growth rates and the amount of international tourism before and after this disaster, I find that there were no effects on GDP growth rates, while international tourism increased post-disaster in countries affected by the earthquake. These results are interesting as previous literature finds negative impacts on GDP growth post-disaster. Increases in tourism can also be explained by the ideas of disaster tourism, dark tourism, and blue tourism; and these findings show us how increases in tourism can be used to boost economic activity post-disaster.
Recommended Citation
Jalan, Vasudha, "A Study of the 2004 Indonesian Tsunami: The Effects on GDP Growth and Tourism Post-Disaster" (2022). Scripps Senior Theses. 1965.
https://scholarship.claremont.edu/scripps_theses/1965
