How does the misallocation of complementary public capital affect the spatial organization of economic activity To answer this question, this paper endogenizes the government's decision to invest in the transport and electricity networks. A novel multi-sector quantitative spatial equilibrium...

Natural disasters-such as flooding, hurricanes, and earthquakes-have, on average, affected 130 million people and caused more than 40,000 deaths annually worldwide over the past three decades. The average annual value of property damage is estimated at more than 90 billion dollars globally....