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This paper empirically studies the role of fiscal constraints for disaster vulnerability and investment decisions in a … comovement, coupled with discussions on fiscal constraints risk during earnings conference calls. Pre-disaster, firms with larger … tangible capital and R&D. Our findings suggest that fiscal constraints affect long-term growth through a risk-based disaster …
Persistent link: https://www.econbiz.de/10014448233
"The author assesses empirically the relationship between natural disaster risk and investment in education. Although … enrollment and natural disaster risk. This result is exclusively driven by geological disasters. Natural disaster risk exposure …
Persistent link: https://www.econbiz.de/10011394156
This paper discusses the impact of foreign aid on the recipient country's preparedness against natural disasters. The theoretical model shows that foreign aid can have two opposing effects on a country's level of mitigating activities. In order to test the theoretical propositions, the authors...
Persistent link: https://www.econbiz.de/10011394246
Today, 370 million people live in cities in earthquake prone areas and 310 million in cities with high probability of tropical cyclones. By 2050, these numbers are likely to more than double. Mortality risk therefore is highly concentrated in many of the world’s cities and economic risk even...
Persistent link: https://www.econbiz.de/10011394455
disaster.” However these assessments are based on different methodologies and approaches, and they often reach different … results. Besides methodological differences, these discrepancies are due to the multi-dimensionality in disaster impacts and … disaster, and emphasizes the most important mechanisms that explain and determine this cost. It does so by first explaining why …
Persistent link: https://www.econbiz.de/10011394801
disaster. It represents explicitly production bottlenecks, models a flexibility in production capacity in case of scarcity, and …
Persistent link: https://www.econbiz.de/10011395333
Persistent link: https://www.econbiz.de/10011416959
Persistent link: https://www.econbiz.de/10009785420
Shot-noise processes generalize compound Poisson processes in the following way: a jump (the shot) is followed by a decline (noise). This constitutes a useful model for insurance claims in many circumstances; claims due to natural disasters or self-exciting processes exhibit similar features. We...
Persistent link: https://www.econbiz.de/10010338102
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