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Fifty years of peril : a comprehensive comparison of the impact of terrorism and disasters linked to natural hazards (1970-2019)

Wilson, Timothy; Noy, Ilan - 2022

We compare the realised impact of terrorism and disasters linked to natural hazards. Using fifty years of data from two databases covering 99 percent of the global population, we find that natural hazard disasters were more then 20 times more impactful than terrorism. The former had a larger...

Persistent link: https://www.econbiz.de/10013337593

Shedding light on the spatial diffusion of disasters

Felbermayr, Gabriel; Gröschl, Jasmin Katrin; Sanders, Mark - 2018

Climate research suggests that global warming will lead to more frequent and more extreme natural disasters. Most disasters are local events with effects on local economic activity. Hence, assessing their economic impacts with the help of econometric country-level analysis may lead to biased...

Persistent link: https://www.econbiz.de/10011872945

The tempest : natural disasters, early shocks and children's short- and long-run development

Deuchert, Eva; Felfe, Christina - 2013 - This draft: February, 2013

indicates that the main underlying channel is a shock on families' wealth. -- child development ; natural disaster ; wealth …

Persistent link: https://www.econbiz.de/10009722391

How shocks affect international reserves? : a quasi-experiment of earthquakes

Jinjarak, Yothin; Noy, Ilan; Ta, Quy - 2020

We evaluate the change in international reserves in the aftermath of significant external shocks. We examine the response of international reserves to shocks by using a quasi-experimental setup and focusing on earthquakes. The estimation is done on a panel of 103 countries over the period...

Persistent link: https://www.econbiz.de/10012300233

Macroeconomic effects of government spending shocks : new evidence using natural disaster relief in Korea

Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - 2012

; natural disaster relief expenditure ; narrative approach ; structural vector-autoregressive model …

Persistent link: https://www.econbiz.de/10009630124

Agricultural price shocks and business cycles a global warning for advanced economies

De Winne, Jasmien; Peersman, Gert - 2018

For a panel of 75 countries, we find that increases in global agricultural commodity prices that are caused by unfavorable harvest shocks in other regions of the world significantly curtail domestic economic activity. The effects are much larger than for average global agricultural price shifts....

Persistent link: https://www.econbiz.de/10011846251

Evaluation of long-dated investments under uncertain growth trend, volatility and catastrophes

Gollier, Christian - 2012

increasing term structure for the risk premium. It also implies that, under the assumption that the cumulants of the distribution … investment is larger than half of relative risk aversion. Another important consequence of parametric uncertainty is that the … risk premium is not proportional to the beta of the investment. We apply these general results to the case of an uncertain …

Persistent link: https://www.econbiz.de/10009689360

The economic impact of weather and climate

Tol, Richard S. J. - 2021

I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth: A stochastic frontier model with climate in the production frontier and weather shocks as a source of inefficiency. I test it on a sample of 160 countries over the period...

Persistent link: https://www.econbiz.de/10012486667

Cumulative climate shocks and migratory flows : evidence from Sub-Saharan Africa

Di Falco, Salvatore; Kis, Anna B.; Viarengo, Martina - 2022

We re-examine the effects of negative weather anomalies during the growing season on the decision to migrate in rural households in five sub-Saharan African countries. To this end we combine a multi-country household panel dataset with high-resolution gridded precipitation data. We find that...

Persistent link: https://www.econbiz.de/10012818504

We are all in the same boat : cross-border spillovers of climate shocks through international trade and supply chain

Feng, Alan; Li, Haishi; Wang, Yulin - 2023

Are land locked countries subject to sea-level rise risk? We highlight a new mechanism by which physical climate shocks …

Persistent link: https://www.econbiz.de/10014261346