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Hurricanes, economic growth and transmission channels : empirical evidence for developed and underdeveloped countries
Berlemann, Michael; Wenzel, Daniela - 2016
how disasters affect long-run growth. Based on truly exogenous storm indicators, derived from a meteorological database … protect against storm consequences. We show that the negative growth effects in underdeveloped countries are amplified by an …
Persistent link: https://www.econbiz.de/10011521860
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Do natural disasters enhance societal trust?
Toya, Hideki; Skidmore, Mark - 2012
economic impacts, a potential spillover benefit of greater storm exposure may be a more tightly knit society. -- natural …
Persistent link: https://www.econbiz.de/10009580773
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Disastrous discretion : ambiguous decision situations foster political favoritism
Schneider, Stephan A.; Kunze, Sven - 2022
discretionary power in a partisan manner. We analyze the allocation of presidential disaster declarations in the United States …
Persistent link: https://www.econbiz.de/10013177149
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Social inequalities in climate change-attributed impacts of hurricane harvey
Smiley, Kevin T.; Noy, Ilan; Wehner, Michael; Frame, Dave; … - 2021
Climate change is already increasing the severity of extreme weather events such as with rainfall during hurricanes. But no research to date investigates if, and to what extent, there are social inequalities in current climate change-attributed flood impacts. Here, we use climate change...
Persistent link: https://www.econbiz.de/10012668885
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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
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Quantifying the demand, supply, and welfare effects of natural disasters using monthly trade data
Felbermayr, Gabriel; Gröschl, Jasmin Katrin; Heid, Benedikt - 2020
negligible if the country affected by a disaster is small but sizable for large economies. Similar disasters have heterogeneous …
Persistent link: https://www.econbiz.de/10012392193
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Asset diversification versus climate action
Hambel, Christoph; Kraft, Holger; Ploeg, Frederick van der - 2020
Asset pricing and climate policy are analyzed in a global economy where consumption goods are produced by both a green and a carbon-intensive sector. We allow for endogenous growth and three types of damages from global warming. It is shown that, initially, the desire to diversify assets...
Persistent link: https://www.econbiz.de/10012258563
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Out of sight, out of mind? : the impact of natural disasters on pregnancy outcomes
Simeonova, Emilia - 2009
The impact of global climate change on health is not well understood. Besides the direct channel of increasing temperatures, there is a potentially more harmful one: through an increase in extreme weather incidents. We offer the first evidence on the effect of natural disasters on pregnancy...
Persistent link: https://www.econbiz.de/10003888100
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Natural disasters, government spending, and the fiscal multiplier
Fidrmuc, Jan; Ghosh, Sugata; Yang, Weonho - 2015
We estimate the fiscal multiplier associated with shocks to government spending. We consider increases in government spending in the U.S. states in the wake of natural disasters to capture spending shocks that are both unexpected and unrelated to the preceding state of the economy. We find that...
Persistent link: https://www.econbiz.de/10011406560
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Fifty years of U.S. natural disaster insurance policy
Marcoux, Kendra; Wagner, Katherine R. H. - 2023
of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and … private natural disaster insurance markets in the United States and how the nature of these challenges has changed over the … complicate both the supply of and demand for natural disaster insurance, with spillovers to related markets such as real estate …
Persistent link: https://www.econbiz.de/10014281392