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Natural Disasters and Food Crises in Low-Income Countries : Macroeconomic Dimensions
Adedeji, Olumuyiwa - 2016
The exposure of low-income countries to natural disasters has a significant impact on food production and food security. This paper provides a framework for assessing a country's vulnerability to food crisis in the event of natural disasters. The paper finds that macroeconomic and structural...
Persistent link: https://www.econbiz.de/10012993722
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How Do International Financial Flows to Developing Countries Respond to Natural Disasters?
David, Antonio C. - 2011
This paper uses multivariate dynamic panel analysis to examine the response of international financial flows to natural disasters. The models estimated for a large sample of developing countries point to differentiated responses of specific types of financial flows. The results show that...
Persistent link: https://www.econbiz.de/10014178702
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Natural Disasters : Mitigating Impact, Managing Risks
Laframboise, N. - 2012
This paper reviews the literature on the macroeconomic impact of natural disasters and presents the IMF's role in assisting countries coping with natural catastrophes. Focusing on seven country cases, the paper describes the emergency financing, policy support, and technical assistance provided...
Persistent link: https://www.econbiz.de/10013098564
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Natural Disaster Insurance for Sovereigns : Issues, Challenges and Optimality
Cebotari, Aliona - 2020
Natural disasters are a source of economic risks in many countries, especially in smaller and lower-income states, and ex-ante preparedness is needed to manage the risks. The paper discusses sovereign experience with disaster insurance as a key instrument to mitigate the risks; proposes ways to...
Persistent link: https://www.econbiz.de/10012840602
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Policy Trade-Offs in Building Resilience to Natural Disasters : The Case of St. Lucia
Cantelmo, Alessandro - 2019
Resilience to climate change and natural disasters hinges on two fundamental elements: financial protection -insurance and self-insurance- and structural protection -investment in adaptation. Using a dynamic general equilibrium model calibrated to the St. Lucia's economy, this paper shows that...
Persistent link: https://www.econbiz.de/10012889136
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The Macro-Fiscal Aftermath of Weather-Related Disasters : Do Loss Dimensions Matter?
Gerling, Kerstin - 2017
Weather-related natural disasters and climate change pose interrelated macro-fiscal challenges. Using panel-VARX studies for a sample of 19 countries in Developing Asia during 1970 to 2015, this paper contributes new empirical evidence on the dynamic adjustment path of growth and key fiscal...
Persistent link: https://www.econbiz.de/10012942333
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Building Resilience to Natural Disasters : An Application to Small Developing States
Marto, Ricardo - 2017
We present a dynamic small open economy model to explore the macroeconomic impact ofnatural disasters. In addition to permanent damages to public and private capital, the disastercauses temporary losses of productivity, inefficiencies during the reconstruction process, anddamages to the...
Persistent link: https://www.econbiz.de/10012942348
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Climate Disaster Risks - Empirics and a Multi-Phase Dynamic Model
Mittnik, Stefan - 2019
Recent research in financial economics has shown that rare large disasters have the potential to disrupt financial sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback effects on the macroeconomy. Research on disaster risks has...
Persistent link: https://www.econbiz.de/10012865122
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A Possible Approach to Fiscal Rules in Small Islands - Incorporating Natural Disasters and Climate Change
Nakatani, Ryota - 2019
A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate change, commodity price changes, and uncertain donor grants. The question that arises is how should small developing countries...
Persistent link: https://www.econbiz.de/10012860997
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Debt, Growth and Natural Disasters a Caribbean Trilogy
Acevedo Mejia, Sebastian - 2014
the Caribbean. Two types of natural disasters are studied –storms and floods– given their prevalence in the region, while … disasters shocks, in a panel of 12 Caribbean countries over a period of 40 years. The results show that both storms and floods … have a negative effect on growth, and that debt increases with floods but not with storms. However, in a subsample I find …
Persistent link: https://www.econbiz.de/10013049168