Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:48:49am WEST
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Daily Overview |
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Climate Change Adaptation: Natural Disasters 1 Location: B003 Session Chair: Ewa Vick, University of Montana | |
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Creative Destruction or Lasting Decline: Evidence from Post-Disaster Recovery 1: Cornell University, United States of America; 2: The Ohio State University: Columbus, Ohio, US Why do some local economies rebound from destructive shocks while others fall into persistent decline? We study how large-scale physical destruction reshapes spatial economic dynamics by linking over one thousand wildfires across the United States to parcel-level transactions and tax assessments. On average, disasters reduce both land and building values in the long run, but impacts vary systematically with pre-disaster local productivity. Low-productivity areas suffer enduring losses, middle-ranked areas recover quickly, and high-productivity areas experience “creative destruction,” realizing sustained gains. Nearby unburned parcels follow similar trajectories through long-lived spillovers, revealing strong spatial interdependence in recovery. These patterns show that localized destruction can either hinder, restore, or accelerate growth depending on pre-existing productivity levels. These results underscore the importance of spillovers and coordinated investment in shaping urban resilience. | |