How much an economy should invest in its physical infrastructure is a crucial question being asked by policy makers from developing countries where financial resources for economic development are limited. This paper aims to address this question by bringing insights from the literature that...

Natural disasters-such as flooding, hurricanes, and earthquakes-have, on average, affected 130 million people and caused more than 40,000 deaths annually worldwide over the past three decades. The average annual value of property damage is estimated at more than 90 billion dollars globally....

Natural disasters--such as flooding, hurricanes, and earthquakes--have, on average, affected 130 million people and caused more than 40,000 deaths annually worldwide over the past three decades. The average annual value of property damage is estimated at more than 90 billion dollars globally....