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Long-term growth effects of natural disasters : empirical evidence for droughts

Berlemann, Michael; Wenzel, Daniela - 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/10011384506

Natural disasters and the effect of trade on income : a new panel IV approach

Felbermayr, Gabriel; Gröschl, Jasmin Katrin - 2011

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

Hurricanes, economic growth and transmission channels : empirical evidence for developed and underdeveloped countries

Berlemann, Michael; Wenzel, Daniela - 2016

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

Do natural disasters stimulate individual saving? : evidence from a natural experiment in a highly developed country

Berlemann, Michael; Steinhardt, Max Friedrich; Tutt, Jascha - 2015

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

Naturally negative : the growth effects of natural disasters

Felbermayr, Gabriel; Gröschl, Jasmin Katrin - 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/10010199740

Long-term macroeconomic effects of climate change : a cross-country analysis

Kahn, Matthew E.; Mohaddes, Kamiar; Ng, Ryan N. C.; … - 2019

world real GDP per capita by 7.22 percent by 2100. On the other hand, abiding by the Paris Agreement, thereby limiting the …

Persistent link: https://www.econbiz.de/10012031151

Climate change impacts on public finances around the world

Barrage, Lint - 2024

world. This literature includes empirical evaluations of how past climatic events have affected fiscal outcomes, empirical …

Persistent link: https://www.econbiz.de/10015098614

The macroeconomics of clean energy subsidies

Casey, Gregory; Jeon, Woongchan; Traeger, Christian - 2023

We study clean energy subsidies in a quantitative climate-economy model. Clean en-ergy subsidies decrease carbon emissions if and only if they lower the marginal product of dirty energy. The constrained-efficient subsidy equals the marginal external cost of dirty energy multiplied by the...

Persistent link: https://www.econbiz.de/10014444067

Climate change and economic activity : evidence from U.S. states

Mohaddes, Kamiar; Ng, Ryan N. C.; Pesaran, M. Hashem; … - 2022

We investigate the long-term macroeconomic effects of climate change across 48 U.S. states over the period 1963.2016 using a novel econometric strategy which links deviations of temperature and precipitation (weather) from their long-term moving-average historical norms (climate) to various...

Persistent link: https://www.econbiz.de/10012806494

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