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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 …
Persistent link: https://www.econbiz.de/10012834894
-term growth consequences of droughts are comparatively well examined, little research has yet been devoted to the question whether … and how droughts affect medium and long-term growth. However, knowledge on the growth dynamics triggered by natural … this paper we deliver empirical support for the hypothesis of the existence of long-run growth effects of droughts. Based …
Persistent link: https://www.econbiz.de/10013010474
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 …
Persistent link: https://www.econbiz.de/10011521860
Persistent link: https://www.econbiz.de/10012875858
Despite the fact that growth theories suggest that natural disasters should have an impact on economic growth …-investigate the impact of natural disasters on economic growth, applying a semiparametric smooth coefficient panel data model that …
Persistent link: https://www.econbiz.de/10012403903
Persistent link: https://www.econbiz.de/10010491094
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 …
Persistent link: https://www.econbiz.de/10003855328
temporarily up after a disaster. Using a consistent structural trade model, we back out monthly aggregate productivity measures …
Persistent link: https://www.econbiz.de/10012607100
Using the 1988 earthquake in Nepal as a natural experiment, we examine the long-term repercussions of a large exogenous physical shock on human capital accumulation. We exploit the quasi-random spatial and temporal nature of ground tremors to evaluate the long-term impact of earthquake on...
Persistent link: https://www.econbiz.de/10012960964
We investigate firm outcomes after a major flood in Germany in 2013. We robustly find that firms located in the … disaster regions have significantly higher turnover, lower leverage, and higher cash in the period after 2013. We provide … evidence that the effects stem from firms that already experienced a similar major disaster in 2002. Overall, our results …
Persistent link: https://www.econbiz.de/10011764922