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, manifested through poorly developed financial markets. The theoretical analysis shows that the shock of a disaster occurrence … model are then tested using a panel of data on natural disaster events at the country - year level, covering the period 1979 … - 2007. We find that for countries with low levels of financial sector development, natural disaster events exert a …
Persistent link: https://www.econbiz.de/10010392509
This paper studies how media and democracy influence government action taken before and after a natural disaster. The … democratic institutions both contribute positively to the government's palliative effort after the disaster. However, the effects … of media and democracy on the government's preventive effort before the disaster are negative. We provide empirical …
Persistent link: https://www.econbiz.de/10010332479
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household and aggregate levels, noting both the geographical distribution of disaster risk and its long-term implications for … development. A second section reviews types of disasters prevalent in the region, and future disaster risks, as well as the socio …
Persistent link: https://www.econbiz.de/10010327149
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We study economic growth in four emerging economies - Brazil, Russia, India, and China (BRIC). Questions addressed are: (a) How do medium term growth determinants differ from short term determinants? (b) What are differences between growth effects of aggregate versus disaggregated exports? And...
Persistent link: https://www.econbiz.de/10010326923
The number of variables related to long-run economic growth is large compared with the number of countries. Bayesian model averaging is often used to impose parsimony in the cross-country growth regression. The underlying prior is that many of the considered variables need to be excluded from...
Persistent link: https://www.econbiz.de/10011605280
A number of recent papers have found that certain measures of pollution worsen and later improve as income per head increases. It is widely believed that the downhill portion of this inverted-U curve reflects an induced policy response; that, as incomes rise, citizens demand improvements in...
Persistent link: https://www.econbiz.de/10011608462
Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good option? To answer this question, we have compared the relative growth performance of 14 "tourism countries" within a sample of 143 countries, observed during the period 1980-95....
Persistent link: https://www.econbiz.de/10011325125