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pre-disaster trend, and do not recover within twenty years. Both rich and poor countries exhibit this response, with … suppression of annual growth rates spread across the fifteen years following disaster, generating large and significant cumulative … continuous exposure to disaster. Linking these results to projections of future cyclone activity, we estimate that under …
Persistent link: https://www.econbiz.de/10013049691
This paper documents several facts on the real effects of economic uncertainty. First, higher uncertainty is associated with a more dispersed distribution of output growth. Second, the relation is highly asymmetric: A rise in uncertainty is associated with a sharp decline in the lower tail of...
Persistent link: https://www.econbiz.de/10014091106
A growing body of evidence suggests that uncertainty is counter cyclical, rising sharply in recessions and falling in booms. But what is the causal relationship between uncertainty and growth? To identify this we construct cross country panel data on stock market levels and volatility as proxies...
Persistent link: https://www.econbiz.de/10013062729
We investigate determinants of private and public generosity to Katrina victims using an artifactual field experiment. In this experiment, respondents from the general population viewed a short audiovisual presentation that manipulated respondents' perceptions of the income, race, and...
Persistent link: https://www.econbiz.de/10012759998
quality of aid delivered and social agendas pursued across neighboring villages in a set disaster context. We model the …
Persistent link: https://www.econbiz.de/10013113102
How do innovators respond to the shock of a natural disaster? Do natural disasters spur technical innovations that can …, droughts and flooding on the innovation of their respective mitigation technologies. Using patent and disaster data, our study …
Persistent link: https://www.econbiz.de/10013035368
How well do countries cope with the aftermath of natural disasters? In particular, do international financial flows help buffer countries in the wake of disasters? This paper focuses on hurricanes (one of the most common and destructive types of disasters), and examines the impact of hurricane...
Persistent link: https://www.econbiz.de/10012778080
regional-level mitigation or adaptation, which reduces disaster risks to capital in the interim. Mitigation depends on belief … regarding the adverse consequences of global warming. Pessimism jumps with a disaster and slowly reverts in the absence of … increasing cyclone frequency. For a typical country exposed to cyclones, a disaster arrival not only damages its capital stock …
Persistent link: https://www.econbiz.de/10013311024
Around the world, large corporations usually have controlling owners, who are usually very wealthy families. Outside …
Persistent link: https://www.econbiz.de/10012754592
A model is proposed to describe the evolution of real GDPs in the world economy that is intended to apply to all open …
Persistent link: https://www.econbiz.de/10012755350