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 well beyond the short-term perspective. These negative growth …

times larger than growth losses from severe fluvial floods (-1.2%). For both event categories, we find growth losses to … growth in the long-term. Using a three-way fixed-effects panel model, an outlier-robust regression, and ``people exposed'' as … exogenous predictor, we study the short-, medium-, and long-term impacts of tropical cyclones and fluvial floods on per …

economies, face much larger output declines following a disaster of similar relative magnitude than do developed countries or … trade, and higher levels of government spending are better able to withstand the initial disaster shock and prevent further … spillover into domestic production. -- Natural disasters ; growth …

following the severe summer flood of 2013, which affected widespread regions mostly in Eastern Germany. The analysis uses a … primary operational activities. This paper yields various results: German savings and cooperative banks located in the … affected regions experienced a significantly higher, but ephemeral, impairment flow in the years following the flood …

The sources of economic growth and development have been puzzling economists from the modern dawn of the profession …. While the Solow-Swan neo-classical model dominated research on growth in the 1960s and 1970s, the 1980s saw the emergence of … growth theories that disputed, largely on theoretical grounds, the Solow-Swan assumptions and conclusions. In this paper, we …

of flood events further allows to control for a regions exposure to floods. In the short run, a major flood event in a … proposition that ex ante risk transfer policies are more efficient than ex post disaster relief. -- natural hazards ; growth … of societal risk transfer mechanisms mitigating the effects disasters. Dynamic panel estimates using growth data from a …