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This paper seeks to determine the effects that natural disasters have on per capita GDP and on the debt to GDP ratio in the Caribbean. Two types of natural disasters are studied –storms and floods– given their prevalence in the region, while considering the effects of both moderate and...
Persistent link: https://www.econbiz.de/10014411475
that could substantially improve disaster-resilience. Results show that (i) climaterelated disasters have a significant … negative impact on medium-term growth, especially for sub-Saharan Africa; and (ii) a disaster's intensity matters much more …
Persistent link: https://www.econbiz.de/10013170064
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fiscal policy efforts such as ad hoc fiscal rebalancing and reprioritization. The findings help better customize disaster …
Persistent link: https://www.econbiz.de/10011763539
experience suggests there are ways to strengthen policy frameworks to increase resilience to natural disaster shocks, including …
Persistent link: https://www.econbiz.de/10012671629
Epidemics may have social scarring effects, increasing the likelihood of social unrest. They may also have mitigating effect, suppressing unrest by dissuading social activities. Using a new monthly panel on social unrest in 130 countries, we find a positive cross-sectional relationship between...
Persistent link: https://www.econbiz.de/10012517929
targets with expected disaster shocks. This paper contributes to the literature and policy dialogue by theoretically analyzing …
Persistent link: https://www.econbiz.de/10012103680
Using a dynamic stochastic general equilibrium model, we study the channels through which natural disaster shocks … affect macroeconomic outcomes and welfare in disaster-prone countries. We solve the model using Taylor projection, a solution … find large and persistent effects of weather shocks that significantly impact the income convergence path of disaster …
Persistent link: https://www.econbiz.de/10012112128
for disaster shocks for the Pacific islands. Better incorporating the economic impact of natural disasters in the medium …
Persistent link: https://www.econbiz.de/10011852652
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