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Macroeconomic Effects of Government Spending Shocks : New Evidence Using Natural Disaster Relief in Korea
Yang, Weonho - 2012
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
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Government Spending Shocks and the Multiplier : New Evidence from the U.S. Based on Natural Disasters
Yang, Weonho - 2012
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
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Decentralization and Natural Disasters
Goodspeed, Timothy - 2013
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
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Long-Run Consequences of Exposure to Natural Disasters
Karbownik, Krzysztof - 2016
We utilize the individual-level World War I Draft Registration Cards matched to late-nineteenth century hurricane paths and the 1940 U.S. Census to explore whether fetal and early childhood exposure to stress caused by hurricanes affects human capital development and labor market outcomes in...
Persistent link: https://www.econbiz.de/10012977164
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The Economic and Fiscal Burdens of Disasters in the Pacific
Noy, Ilan - 2017
The Pacific Islands face the highest disaster risk, in per capita terms, globally. Examples of catastrophic events in … analysing the applicability of various financial instruments to facilitate both ex-ante and ex-post disaster risk management in …
Persistent link: https://www.econbiz.de/10012964696
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Naturally Negative : The Growth Effects of Natural Disasters
Felbermayr, Gabriel J. - 2013
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
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Long-Term Growth Effects of Natural Disasters - Empirical Evidence for Droughts
Berlemann, Michael - 2015
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
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Regional and Ethnic Favoritism in the Allocation of Humanitarian Aid
Bommer, Christian - 2018
Disaster Assistance (OFDA) disburses larger amounts of aid when natural disasters affect the birth region of the countries …
Persistent link: https://www.econbiz.de/10012915575
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Should Local Public Employment Services Be Merged with the Local Social Benefit Administrations?
Holzner, Christian - 2011
The German Federal government has allowed some regions (Approved Local Providers) to be solely responsible for the care of long-term unemployed. The remaining regions had to form Joint Local Agencies, where the local social benefit administrations work together with the local public employment...
Persistent link: https://www.econbiz.de/10013124387
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Minimum Wage Incidence : The Case for Germany
Knabe, Andreas - 2008
Using data from the 2006 wave of the German Socio-Economic Panel (GSOEP), this paper analyzes how a minimum wage affects employment, wage inequality, public expenditures, and aggregate income in the low-wage sector. It is shown that a statutory minimum wage of EUR 7.50 per hour would cost...
Persistent link: https://www.econbiz.de/10012769311