id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-336496-ib26nqjz	Coulson, N. Edward	Economic Diversification and The Resiliency Hypothesis: Evidence from the Impact of Natural Disasters on Regional Housing Values	2020-08-30		.txt	text/plain	8839	473	52	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. This method allows us to identify the average price effect due to a shock by estimating changes in home prices before and after a disaster hits impacted MSAs relative to home price dynamics across non-impacted MSAs. To test the hypothesis that regional economic diversification is a catalyst for resiliency, we estimate the effect that regional economic diversity has on attenuating the impacts of natural disasters on local home prices. More specifically, model estimates of equation (2) reported in Table 1 demonstrate that in the period of time leading up to a shock, there does not exist economically or statistically meaningful differences in pre-treatment price trends between impacted and non-impacted regions.	./cache/cord-336496-ib26nqjz.txt	./txt/cord-336496-ib26nqjz.txt