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spatial shifts of economic activity after a natural disaster are a rather local phenomenon, stressing the importance of local …
Persistent link: https://www.econbiz.de/10012912423
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/10013121825
literature does not offer conclusive evidence. Most existing studies use disaster data drawn from damage records of insurance … GDP. We build a comprehensive database of disaster events and their intensities from primary geophysical and … effect of disasters on growth. The worst 5% disaster years come with a growth damage of at least 0.45 percentage points. That …
Persistent link: https://www.econbiz.de/10013073607
Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to ‘fat-tailed’ risks of catastrophic outcomes (Weitzman, 2009b). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...
Persistent link: https://www.econbiz.de/10013315705
devastating human and economic impacts, a potential spillover benefit of greater disaster exposure may be a more tightly knit …
Persistent link: https://www.econbiz.de/10013315874
disaster. The paper concludes by reflecting on what we know about whether policies to confront natural disasters should be …
Persistent link: https://www.econbiz.de/10013083868
Economic theory predicts that adverse shocks during early childhood have detrimental short- and long-run consequences for children's development. We examine this hypothesis by analyzing the short-and long-run effects on children's health and education of a specific shock: housing damages caused...
Persistent link: https://www.econbiz.de/10013083878
We utilize the individual-level World War I Draft Registration Cards matched to late-nineteenth century hurricane paths …
Persistent link: https://www.econbiz.de/10012977164
The ongoing process of climate change goes along with a higher frequency and/or severity of droughts. While the short-term growth consequences of droughts are comparatively well examined, little research has yet been devoted to the question whether and how droughts affect medium and long-term...
Persistent link: https://www.econbiz.de/10013010474
research on the topic of disasters. As such, we choose to focus on two topics: price gouging, and post-disaster economic …
Persistent link: https://www.econbiz.de/10012964378