TY  - JOUR
PY  - 2020//
TI  - Economic diversification and the resiliency hypothesis: evidence from the impact of natural disasters on regional housing values
JO  - Regional science and urban economics
A1  - Coulson, N. Edward
A1  - McCoy, Shawn J.
A1  - McDonough, Ian K.
SP  - ePub
EP  - ePub
VL  - ePub
IS  - ePub
N2  - We estimate the effect regional economic diversification has on the resiliency of the U.S. housing market treating the spatial and temporal variation in natural disasters as exogenous shocks to regional economies. Our study demonstrates that diversity dampens both the magnitude and the duration of the effects of a disaster on local real estate values. Implications of our findings for the potential benefits of diversification in regional economies are discussed.<p />  <p>Language: en</p>
LA  - en
SN  - 0166-0462
UR  - http://dx.doi.org/10.1016/j.regsciurbeco.2020.103581
ID  - ref1
ER  -