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While the short-term growth consequences of natural disasters are comparatively well studied, there is little knowledge how disasters affect long-run growth. Based on truly exogenous storm indicators, derived from a meteorological database, we show that the growth effects of tropical storms go...
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probability of disaster occurrence to decrease with income; (ii) the capital at risk – and thus the economic losses in case of … disaster – to increase faster than economic growth; (iii) the average annual losses to grow faster than income at low levels of … observation of a trend in disaster losses should not be confused with the presence of excessive risk taking. In a descriptive …
Persistent link: https://www.econbiz.de/10013083303
This chapter discusses natural disasters and their impacts on economic development of Southeast Asia. Natural disasters generally lead to capital decumulation, have impacts on total factor productivity, and involve vulnerability of people living in the economy. Their effects could persist in the...
Persistent link: https://www.econbiz.de/10012870554
probability of disaster occurrence to decrease with income; (ii) the capital at risk - and thus the economic losses in case of … disaster - to increase faster than economic growth; (iii) the average annual losses to grow faster than income at low levels of … observation of a trend in disaster losses should not be confused with the presence of excessive risk taking. In a descriptive …
Persistent link: https://www.econbiz.de/10009737203
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ein Grund für ein anhaltendes schwaches Wirtschaftswachstum in Entwicklungsländern? Der vorliegende Beitrag gibt einen …
Persistent link: https://www.econbiz.de/10002705179
We examine the impact of geo-referenced World Bank development programs on subnational development using equally sized grid cells with a spatial resolution of 0.5 decimal degrees latitude x longitude as the unit of investigation. The proposed grid cell approach solves a number of endogeneity...
Persistent link: https://www.econbiz.de/10011796164