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Eine geschlossene ökonomische Theorie der Naturkatastrophen existiert bislang nicht. Arbeiten, die sich dieses Themas … zeitlicher Abgrenzung - letzteres im Sinne der Einwirkzeit nach Auftreten der Katastrophe - führt zu unterschiedlichen …
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We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for abatement activities, implying substantial policy...
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This paper examines the implications of the mutual causality between environmental quality and economic growth. While economic growth deteriorates the environment through increasing amounts of pollution, the deteriorated environment in turn limits the possibility of further economic growth. In a...
Persistent link: https://www.econbiz.de/10010344293
from natural hazards. Increasing investments in disaster risk reduction have led to a significant reduction in human …, making average disaster losses grow with income. In the future, larger resources and better defenses are likely to make … ability to deal with and recover from the rare events that exceed protection capacity. Crisis management and post-disaster …
Persistent link: https://www.econbiz.de/10013076598
This paper investigates the long-run consequences of economic disasters. The research is based on the historical data for 38 OECD and non OECD countries over the last two centuries. Results of the research indicate the negative long-run effect of economic disasters on output growth. The research...
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