Felbermayr, Gabriel; Gröschl, Jasmin Katrin; Heid, Benedikt - 2020
countries via trade linkages. We apply our model to quantify the effects of the 1992 earthquake in Nicaragua, a small, heavily … indebted poor country, and the 2011 Tohoku earthquake in Japan, a large developed economy. We find that spillovers are … negligible if the country affected by a disaster is small but sizable for large economies. Similar disasters have heterogeneous …