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better define the geographic area hit by the disaster. We examine two large-scale earthquakes that occurred in two different …We examine the impact of natural disasters on economic growth by applying a synthetic control approach. In contrast to …, institutional quality itself changes in response to the shock and these patterns are correlated to those of the TFP. Overall, our …
Persistent link: https://www.econbiz.de/10011543882
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 … suggests that natural disasters are likely to exacerbate differences in economic and social development …
Persistent link: https://www.econbiz.de/10013056050
Based on a dynamic open-economy macroeconomic model, this paper aims at understanding the contribution of domestic financial underdevelopment to foreign reserve accumulation in some emerging market economies, especially in China. It is argued that foreign reserve accumulation is part and parcel...
Persistent link: https://www.econbiz.de/10013076609
Based on a dynamic open-economy macroeconomic model, this paper analyzes the motive for foreign reserve accumulation in fast-growing emerging economies. The demand for foreign reserves stems from the interaction between productivity growth and underdevelopment of the domestic financial market....
Persistent link: https://www.econbiz.de/10012954174
Based on a dynamic open-economy macroeconomic model, this paper analyzes the motive for foreign reserve accumulation in fast-growing emerging economies. The demand for foreign reserves stems from the interaction between productivity growth and underdevelopment of the domestic financial market....
Persistent link: https://www.econbiz.de/10013012528
While substantial empirical research has evaluated the question of whether capital account openness promotes economic growth, this paper finds empirical evidence for cases where the opposite is true--that a policy of capital controls can promote economic growth, when combined with a policy of...
Persistent link: https://www.econbiz.de/10014226141
Recent studies on the growth effects of exchange rate regimes offer a wide range of different, sometimes contradictory results. In this paper, we systematically compare three prominent contributions in this field. Using a common data set, a common specification, and common estimation methods, we...
Persistent link: https://www.econbiz.de/10011397221
Climate-related natural disaster shocks are expected to rise as the earth is getting warmer, which will adversely … of development gains and exacerbate inequality. To cope with increasing disaster risks, both short-term adaptation … strategies like relocation, government transfers, and other social safety nets, as well as long-term strategies like disaster …
Persistent link: https://www.econbiz.de/10011580303
characterized by a constant growth rate of consumption and of the capital stock until a shock arrives, triggering a downward jump in …
Persistent link: https://www.econbiz.de/10011857735
Climate-related natural disaster shocks are expected to rise as the earth is getting warmer, which will adversely … of development gains and exacerbate inequality. To cope with increasing disaster risks, both short-term adaptation … strategies like relocation, government transfers, and other social safety nets, as well as long-term strategies like disaster …
Persistent link: https://www.econbiz.de/10012966135