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The Impact of a Large-Scale Natural Disaster on Local Economic Activity : Evidence from the 2003 Bam Earthquake in Iran

Farzanegan, Mohammad Reza; Fischer, Sven - 2023

This study provides new causal evidence for the impact of a large-scale natural disaster on local economic activity in … disaster relief during the reformist government of President Khatami, the political trust and mobilization of civil society in …, economic activity in Bam County returns to its pre-disaster development path after seven years …

Persistent link: https://www.econbiz.de/10014347828

The Global Costs of Extreme Weather that are Attributable to Climate Change

Newman, Rebecca; Noy, Ilan - 2022

Extreme weather events have significant adverse costs for individuals, firms, communities, regional, and national economies. Extreme Event Attribution (EEA), a methodology that examines the degree to which anthropogenic greenhouse gas emissions had changed the occurrence of specific extreme...

Persistent link: https://www.econbiz.de/10014242787

The Neoclassical Growth of China

Fernández-Villaverde, Jesús; Ohanian, Lee E.; Yao, Wen - 2023

This paper studies China’s four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China’s growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...

Persistent link: https://www.econbiz.de/10014347723

Pandemics and Economic Growth : Evidence from the 1968 H3N2 Influenza

Jinjarak, Yothin; Noy, Ilan; Ta, Quy - 2021

We evaluate the 1968 H3N2 Flu pandemic’s economic cost in a cross-section of 52 countries. Using excess mortality rates as a proxy for the country-specific severity of the pandemic, we find that the average mortality rate (0.0062% per pandemic wave) was associated with declines in consumption...

Persistent link: https://www.econbiz.de/10013315008

Climate Damages in Convergence-Consistent Growth Projections

Harding, Anthony; Moreno-Cruz, Juan; Quaas, Martin F.; … - 2023

Projections of climate change damages based on climate-econometric estimates suggest that, without mitigation, global warming could reduce average global incomes by over 20% towards the end of the century (Burke et al., 2015). This figure significantly surpasses climate damages in Integrated...

Persistent link: https://www.econbiz.de/10014347833

The Neoclassical Growth of China

Fernández-Villaverde, Jesús; Ohanian, Lee; Yao, Wen - 2023

This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...

Persistent link: https://www.econbiz.de/10014377473

Natural disasters and the effect of trade on income: A new panel IV approach

Felbermayr, Gabriel J.; Gröschl, Jasmin - 2011

Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...

Persistent link: https://www.econbiz.de/10010277354

The Determinants of Subnational Public Spending Allocation for Disaster Risk Reduction in Bangladesh

Karim, Azreen - 2020

disaster risk reduction and climate adaptation in Bangladesh, a country with a very high exposure to weather risk. We use a … comprehensive dataset for the 483 sub-districts (Upazilas) in Bangladesh, tracking disaster risk reduction and adaptation funding … does proximity to the centres of Dhaka and Chittagong. Public spending for adaptive disaster risk reduction, as …

Persistent link: https://www.econbiz.de/10012842384

Natural Disasters and Regional Development - the Case of Earthquakes

Fabian, Marius - 2019

We analyze the impact of earthquakes on nighttime lights at a sub-national level, i.e. on grids of different size. We argue that existing studies on the impact of natural disasters on economic development have several important limitations, both at the level of the outcome variable – usually...

Persistent link: https://www.econbiz.de/10012892078

Financial Market Responses to a Natural Disaster : Evidence from Local Credit Networks and the Indian Ocean Tsunami

Czura, Kristina - 2019

disaster to different extents, we estimate the causal effect of this devastating economic shock on financial flows between …

Persistent link: https://www.econbiz.de/10012892224

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