Disentangling the Effects of Multiple Treatments—Measuring the Net Economic Impact of the 1995 Great Hanshin-Awaji Earthquake
Hiroshi Fujiki, Cheng Hsiao
Journal of Econometrics 186 (2015) 66–73
#002263 20160218 ()
We propose a panel data approach to disentangle the impact of "one treatment" from the "other treatment" when the observed outcomes are subject to both treatments. We use the Great Hanshin-Awaji earthquake that took place on January 17, 1995 to illustrate our methodology. We find that there were no persistent earthquake effects. The observed persistent effects are due to structural change in Hyogo prefecture.
JEL-Codes: C18 C23 C52
Keywords: Multiple treatment effects Panel data Great Hanshin-Awaji earthquake, natural disaster, measurement without theory

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