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Mitigating Disaster Risks to Sustain Growth
Hong, Harrison - 2020
We provide the planner's solution to a model where households learn from exogenous natural disaster arrivals about … since disaster leads to pessimistic arrival-rate beliefs and taxes or mandates to fund mitigation, which reduce consumption …
Persistent link: https://www.econbiz.de/10012482023
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Uncertainty and Growth Disasters
Jovanovic, Boyan - 2020
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/10012482243
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Climate Change, Insurability of Large-scale Disasters and the Emerging Liability Challenge
Kunreuther, Howard C. - 2007
This paper focuses on the interaction between uncertainty and insurability in the context of some of the risks associated with climate change. It discusses the evolution of insured losses due to weather-related disasters over the past decade, and the key drivers of the sharp increases in both...
Persistent link: https://www.econbiz.de/10012465836
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Coping with Disaster : The Impact of Hurricanes on International Financial Flows, 1970-2002
Yang, Dean - 2006
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/10012465865
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The Causal Effect of Environmental Catastrophe on Long-Run Economic Growth : Evidence From 6,700 Cyclones
Hsiang, Solomon M. - 2014
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/10012458315
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Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments
Baker, Scott R. - 2013
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/10012459187
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Necessity as the Mother of Invention : Innovative Responses to Natural Disasters
Miao, Qing - 2013
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/10012459440
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Disaster Management
Van Reenen, John; Norris Keiller, Agnes - National Bureau of Economic Research - 2024
such disasters and adapt to their increased frequency. We examine this issue using a the latest wave of the World …
Persistent link: https://www.econbiz.de/10014576624
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COVID-19, Government Performance, and Democracy : Survey Experimental Evidence from 12 Countries
Becher, Michael; Longuet Marx, Nicolas; Pons, Vincent; … - National Bureau of Economic Research - 2021
Beyond its immediate impact on public health and the economy, the COVID-19 pandemic has put democracy under stress. While a common view is that people should blame the government rather than the political system for bad crisis management, an opposing view is that dissatisfaction with government...
Persistent link: https://www.econbiz.de/10012696423
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Never Waste a Good Crisis : An Historical Perspective on Comparative Corporate Governance
Morck, Randall - 2009
Different economies at different times use different institutional arrangements to constrain the people entrusted with allocating the economy's capital and other resources. Comparative financial histories show these corporate governance regimes to be largely stable through time, but capable of...
Persistent link: https://www.econbiz.de/10012463607