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 …

Catastrophes caused by natural disasters are by no means new, yet the evolving understanding of their relevance to … paper summarizes the state of the economic literature examining the aggregate impact of disasters. The paper reviews the … main disaster data sources available, discusses the determinants of the direct effects of disasters, and distinguishes …

This paper estimates the impact of catastrophic natural disasters on economic growth using an event study methodology … find that affected economies-which, given the way natural disasters are ranked, comprise mainly developing countries … effects on growth are negligible. Thus, the negative impacts of natural disasters on economic growth are larger for poorer …