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Natural disasters could constitute a major shock to public finances and debt sustainability because of their impact on output and the need for reconstruction and relief expenses. This paper uses a panel vector autoregressive model to systematically estimate the impact of geological, climatic,...
Persistent link: https://www.econbiz.de/10012551063
plains), this paper shows that rapid development in these areas -- and the resulting increase in disaster losses -- may be … the consequence of a rational and well-informed trade-off between lower disaster losses and higher productivity. With … disasters possibly becoming less frequent but increasingly destructive in the future, average disaster losses may grow faster …
Persistent link: https://www.econbiz.de/10012551116
This paper aims to assist policy makers interested in establishing or strengthening financial strategies to increase the financial response capacity of developing country governments in the aftermath of natural disasters, while protecting their long-term fiscal balance. Contingent credit is...
Persistent link: https://www.econbiz.de/10012551189
The authors analyze the determinants of fatalities in 2,194 large flood events in 108 countries between 1985 and 2008. Given that socioeconomic factors can affect mortality right in the aftermath of a flood, but also indirectly by influencing flood frequency and magnitude, they distinguish...
Persistent link: https://www.econbiz.de/10012551220
experiencing a resource gap (net disaster losses exceed all available financing sources) for events that occur with a probability … country risk aversion implying that disaster risks faced by some governments cannot be absorbed without major difficulty. Risk … pre-disaster risk financing instruments themselves, and thus require technical and financial assistance from the donor …
Persistent link: https://www.econbiz.de/10012551450
microeconomic study of the recovery of the private firms in a developing country following a major natural disaster. Disaster … recovery is found to be slower than commonly assumed, with disaster-affected enterprises lagging behind unaffected comparable … firms more than three years after the disaster. Using data from random cash grants provided by the project, the paper shows …
Persistent link: https://www.econbiz.de/10012551488
-effective financing for the different phases that follow a disaster. The paper explains why governments are usually better served by … retaining most of their natural disaster risk while using risk transfer mechanisms to manage the excess volatility of their … budgets or access immediate liquidity after a disaster. Finally, it discusses innovative approaches to disaster risk financing …
Persistent link: https://www.econbiz.de/10012551644
illustrated to create natural disaster and hazard maps from first hand, geo-referenced meteorological data. In a second step, the … the natural disaster measures derived in the first phase, to estimate the welfare effects associated with natural … differentiation in the welfare effects across space and disaster appears partly linked to the functioning of the disaster relief …
Persistent link: https://www.econbiz.de/10012551706
disaster." However these assessments are based on different methodologies and approaches, and they often reach different … results. Besides methodological differences, these discrepancies are due to the multi-dimensionality in disaster impacts and … disaster, and emphasizes the most important mechanisms that explain and determine this cost. It does so by first explaining why …
Persistent link: https://www.econbiz.de/10012551723
Benefit-cost analyses of disaster risk reduction (DRR) projects are an important tool for evaluating the efficiency of …
Persistent link: https://www.econbiz.de/10012551773