We examine the impact of natural disasters on GDP per capita by applying the synthetic control approach. Our analysis encompasses two large-scale earthquakes that occurred in two different Italian regions in 1976 and 1980. We show that the short-term effects are negligible in both regions,...

This book is a machine-generated literature overview that explores the theoretical and empirical aspects of economics of natural disasters such as floods, cyclones, droughts, and earthquakes from a policy perspective. It provides a comprehensive collection of economic theories in Disasters and...

We examine the impact of natural disasters on economic growth by applying a synthetic control approach. In contrast to previous literature, we adopt a within-country perspective, which allows us to use richer and more comparable data and to better define the geographic area hit by the disaster....