Chang, Hung-hao; Meyerhoefer, Chad D. - National Bureau of Economic Research - 2022
use to the loss in farm income brought about by natural disasters in Taiwan. To account for endogenous exposure to … disaster risks, we estimate an instrumental variables model and find that farm income elasticities of demand for outpatient … frequent crop and livestock losses from extreme weather events. This raises concerns that sudden, weather-related drops in farm …