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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/10010199740
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/10009240715
The paper reviews recent literature on the economics of migration and diasporas, focusing on economic gains and opportunities that these diasporas could represent for home countries. In addition, the paper discusses policies aimed at leveraging this "diaspora capital".
Persistent link: https://www.econbiz.de/10012165988
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/10011521860
While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to filling this gap in the literature by studying how...
Persistent link: https://www.econbiz.de/10010518804
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/10011573195
cope with oil price volatility. The ongoing dividend equals approximately 30 per cent of government revenue and requires …
Persistent link: https://www.econbiz.de/10011541123
volatility across fully integrated economies using Japan’s regional income accounting and public finance data. The contributions …
Persistent link: https://www.econbiz.de/10011350143
Moderationʺ can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility using … trends in unconditional firm level and aggregated output volatility in Germany are similar. There has been a long …-run downward trend, which was interrupted by the unification period. Second, the conditional, idiosyncratic firm level volatility …
Persistent link: https://www.econbiz.de/10003720335
Civil war is often caused by poverty, and further demolishes existing capital. Such a vicious circle is detrimental for economic development of countries experiencing civil war. Civil war may also contribute to creative destructions of traditional economic, social and political system, leading...
Persistent link: https://www.econbiz.de/10009786203