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The unfortunate regressivity of public natural hazard insurance : a quantitative analysis of a New Zealand case

Owen, Sally; Noy, Ilan - 2017

insurance. We provide a detailed quantification of the degree of regressivity of the New Zealand earthquake insurance program …

Persistent link: https://www.econbiz.de/10011669409

Natural disasters and regional development : the case of earthquakes

Fabian, Marius; Lessmann, Christian; Sofke, Tim - 2019

We analyze the impact of earthquakes on nighttime lights at a sub-national level, i.e. on grids of different size. We argue that existing studies on the impact of natural disasters on economic development have several important limitations, both at the level of the outcome variable - usually...

Persistent link: https://www.econbiz.de/10011973918

Measurement of economic welfare risk and resilience of the Philippine regions

Yonson, Rio; Noy, Ilan - 2018

Using an economic model to assess welfare risk and resilience to disasters, this paper systematically tackles the … resilience to riverine flood disasters and what will be their measured benefit? We study the 18 regions of the Philippines to … losses at the microeconomic level. Apart from the prioritization of regions based on resilience and welfare risk, we identify …

Persistent link: https://www.econbiz.de/10011810138

Growth and mitigation policies with uncertain climate damage

Bretschger, Lucas; Vinogradova, Alexandra - 2014

Climate physics predicts that the intensity of natural disasters will increase in the future due to climate change. We present a stochastic model of a growing economy where natural disasters are multiple and random, with damages driven by the economy's polluting activity. We provide a...

Persistent link: https://www.econbiz.de/10010438060

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

The economic and fiscal burdens of disasters in the Pacific

Noy, Ilan; Edmonds, Christopher M. - 2016

The Pacific Islands face the highest disaster risk, in per capita terms, globally. Examples of catastrophic events in the region include the 2009 tsunami in Samoa, the 2014 floods in the Solomon Islands, and the 2015 cyclone Pam in Vanuatu. Even without these catastrophic events, countries in...

Persistent link: https://www.econbiz.de/10011573195

The ethical content of the economic analysis of disasters : price gouging and post-disaster recovery

Noy, Ilan; Noy, Shakked - 2016

Economics, generally, is a discipline in which relatively little attention is devoted to language and terminology. As such, economists have not really attempted to define the concept of disasters very carefully, nor have they evaluated the ethics that are behind the economic analysis of...

Persistent link: https://www.econbiz.de/10011573935

The social value of predicting hurricanes

Molina, Renato; Rudik, Ivan - 2022

Hurricanes are among the costliest natural disasters in the world, with a significant portion of their impact linked to the accuracy of their forecasts. In this paper, we estimate the economic impacts of the official hurricane forecasts in the US and develop a new approach for measuring the...

Persistent link: https://www.econbiz.de/10013426083

Measuring the impact of insurance on urban recovery with light : the 2010-2011 New Zealand earthquakes

Cuong Nhu Nguyen; Noy, Ilan - 2018

We measure the longer-term effect of a major earthquake on the local economy, using night-time light intensity measured … process. We focus on the destructive Canterbury Earthquake Sequence (CES) 2010 -2011 as our case study. Uniquely for this … economic recovery after the earthquake, but delayed payments were less affective and cash settlement of claims were more …

Persistent link: https://www.econbiz.de/10011846154

The impact of a large-scale natural disaster on local economic activity : evidence from the 2003 Bam earthquake in Iran

Farzanegan, Mohammad Reza; Fischer, Sven - 2023

to 2020 for 31 provinces and 429 counties to study the impact of the 2003 Bam earthquake in the Iranian Kerman Province … statistically significant boost in economic activity in the years following the earthquake. This increase in local economic activity … this period, the cultural importance of Bam, the severity of the earthquake, and the media attention. Additionally …

Persistent link: https://www.econbiz.de/10014295084