Table 2.

The effects of temperature, precipitation, and natural disasters on the Log value of household assets using environmental factors measured for the most recent 2 y and 4 y

Independent variablesEnvironmental factors measured for 2 yEnvironmental factors measured for 4 y
Temperature4.87047**4.41603**
(1.97275)(1.75353)
Temperature squared−0.10073**−0.09124***
(0.03938)(0.03268)
Precipitation0.080620.27600
(0.29311)(0.45059)
Precipitation squared−0.018340.01211
(0.07001)(0.10459)
Earthquake−0.005900.01864
(0.02535)(0.01830)
Eruption0.045590.01816
(0.10827)(0.01542)
Flood0.057210.00007
(0.03481)(0.01662)
Landslide0.01673−0.05054***
(0.02579)(0.01798)
Observations19,39819,398
  • Logarithmic transformation of measures of disasters and household asset value used. Results control for household characteristics along with province and time fixed effects. SEs (in parentheses) corrected using multidimensional clustering. ***P < 0.01, **P < 0.05, *P < 0.1.