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Environmental disasters are thought to increase the focus on corporate sustainability in the communities where they occur. Extracting data on wildfires (a frequent type of disaster in the U.S.) and using ESG ratings and EPA air enforcement actions to construct measures of local corporate...
Persistent link: https://www.econbiz.de/10013210531
Extreme natural hazards represent, together with crises and wars, the most disruptive phenomena for economic activity. Their economic impact has been shown to be remarkable, long-lasting, and growing over time, though the exact mechanisms at stake are challenging to isolate and quantify. As...
Persistent link: https://www.econbiz.de/10014084630
This paper studies the short-term impact of a volcano eruption on tourism demand, supply, and hospitality labour in La Palma (Spain), an island economy that is highly dependent on the tourism sector. Based on a monthly panel dataset at the touristic zone level, we use Seemingly-Unrelated...
Persistent link: https://www.econbiz.de/10014240971
Natural disasters are increasing in frequency and intensity and have devastating impacts on individuals, both humanitarian and economic, particularly in developing countries. Microinsurance is seen as one promising instrument of disaster risk management, however the level of demand for...
Persistent link: https://www.econbiz.de/10011521756
Asset pricing and climate policy are analyzed in a global economy where consumption goods are produced by both a green and a carbon-intensive sector. We allow for endogenous growth and three types of damages from global warming. It is shown that, initially, the desire to diversify assets...
Persistent link: https://www.econbiz.de/10012258563
This paper studies the short-term impact of a volcano eruption on tourism demand, supply, and hospitality labour in La Palma (Spain), an island economy that is highly dependent on the tourism sector. Based on a monthly panel dataset at the touristic zone level, we use SeeminglyUnrelated...
Persistent link: https://www.econbiz.de/10013429170
Natural disasters have considerable economic and social ramifications by disrupting public utility services, such as power outages, disconnecting phone service, and transportation interruptions. This study seeks to understand the performance and resilience of critical infrastructure systems...
Persistent link: https://www.econbiz.de/10014263558
In contrast with findings in climate science, economists often treat losses from natural disasters as statistically independent of one another. To better incorporate scientific insights into economic research, we introduce a methodology to identify spatial and temporal clusters in datasets on...
Persistent link: https://www.econbiz.de/10015115053
Extreme natural hazards represent, together with crises and wars, the most disruptive phenomena for economic activity. Their economic impact has been shown to be remarkable, long-lasting, and growing over time, though the exact mechanisms at stake are challenging to isolate and quantify. As...
Persistent link: https://www.econbiz.de/10013193297
This paper estimates the impact of climate change on the prevalence of criminal activity in the United States. The analysis is based on a 50-year panel of monthly crime and weather data for 2,972 U.S. counties. I identify the effect of weather on monthly crime by using a semi-parametric bin...
Persistent link: https://www.econbiz.de/10014167722