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Most of the literature on the economics of catastrophes assumes that such events cause a reduction in the stream of consumption, as opposed to widespread fatalities. Here we show how to incorporate death in a model of catastrophe avoidance, and how a catastrophic loss of life can be expressed as...
Persistent link: https://www.econbiz.de/10012383906
. For Guatemala, we find no robust statistically significant effects on these types of disasters. However, in Costa Rica, we …
Persistent link: https://www.econbiz.de/10014546431
Persistent link: https://www.econbiz.de/10013500657
Natural catastrophes attract regularly the attention of media and have become a source of public concern. From a financial viewpoint, natural catastrophes represent idiosyncratic risks,diversifiable at the world level. But for reasons analyzed in this pap er reinsurance markets are unable to...
Persistent link: https://www.econbiz.de/10005857781
Data shows that there has been a five-fold increase in the number of climate-related disasters that the world has … witnessed over the last fifty years. Just between 2000 and 2019, 7,348 reported disasters caused 1.23 million deaths, affecting … quick-onset disasters such as floods, typhoons, and cyclones have resulted in more damages and loss of lives in the past two …
Persistent link: https://www.econbiz.de/10014531285
index of historical physical impacts of natural disasters, social vulnerability, and institutional capacity was created. It … is found that historical impacts of climatological disasters are positively correlated with the per capita amount … received by region in order to prevent future natural disasters. Impacts of geological disaster, on the other hand, affect the …
Persistent link: https://www.econbiz.de/10011285568
This study estimates the effects of the 1970 Ancash earthquake on human capital accumulation on the affected and subsequent generation, 37 years after the shock, using the Peruvian censuses of 1993 and 2007. The main finding is that males affected by the earthquake in utero completed on average...
Persistent link: https://www.econbiz.de/10011286632
This paper examines the short and long-run average causal impact of catastrophic natural disasters on economic growth … constructing synthetic control groups, taking advantage of the fact that the timing of large sudden natural disasters is an … exogenous event. It is found that only extremely large disasters have a negative effect on output, both in the short and long …
Persistent link: https://www.econbiz.de/10010246562
This paper uses simple regression techniques to make an initial assessment of the monetary damages caused by the January 12, 2010 earthquake that struck Haiti. Damages are estimated for a disaster with both 200,000 and 250,000 total dead and missing (i.e., the range of mortality that the...
Persistent link: https://www.econbiz.de/10010247138