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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
The literature on estimating macroeconomic effects of fiscal policy requires suitable instruments to identify exogenous and unanticipated spending shocks. So far, the instrument of choice has been military build-ups. This instrument, however, largely limits the analysis to the US as few other...
Persistent link: https://www.econbiz.de/10013097432
We investigate the macroeconomic effects of government spending shocks in Korea. We compare results obtained with two alternative approaches: the narrative approach and Structural Vector-Autoregressive model (SVAR). We propose a new methodology for identifying exogenous and unexpected fiscal...
Persistent link: https://www.econbiz.de/10013100013
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
We utilize the individual-level World War I Draft Registration Cards matched to late-nineteenth century hurricane paths … males who were born in the South and experienced a hurricane either in utero or as infants had lower income at ages 42 to 53 …
Persistent link: https://www.econbiz.de/10012977164
. In contrast to previous studies, we employ hurricane destruction indices to study this relationship. These indices … movement of people to international destinations. Our estimates reveal that on average hurricane increases migration. We also … find that the impact is greater when a hurricane hits a country directly as opposed to not making landfall. These results …
Persistent link: https://www.econbiz.de/10012979674
This paper studies the evolution of hurricane insurance in Florida over the last decades. Hurricanes (and other natural …. The state of Florida has reacted to the incapacity of the private sector to insure hurricane risks at reasonable premium … levels with the creation of Citizens Property Insurance Corporation (an insurer of last resort) and the Florida Hurricane …
Persistent link: https://www.econbiz.de/10013316322
This paper studies the evolution of hurricane insurance in Florida over the last decades. Hurricanes (and other natural …. The state of Florida has reacted to the incapacity of the private sector to insure hurricane risks at reasonable premium … levels with the creation of Citizens Property Insurance Corporation (an insurer of last resort) and the Florida Hurricane …
Persistent link: https://www.econbiz.de/10005013949
While the short-term growth consequences of natural disasters are comparatively well studied, there is little knowledge how disasters affect long-run growth. Based on truly exogenous storm indicators, derived from a meteorological database, we show that the growth effects of tropical storms go...
Persistent link: https://www.econbiz.de/10012982260
with access to sanitation and hygiene. Finally, both direct and indirect risks associated with flood and drought on health …
Persistent link: https://www.econbiz.de/10012952475