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The relationship between cultural values and economic growth has been the subject of much controversy. A few studies have shown statistical correlations between measurements of national cultural values and previous growth but this is a dubious approach to the question of whether culture is the...
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What is the impact and value of hurricane forecasts? We study this question using newly-collected forecast data for major US hurricanes since 2005. We find higher wind speed forecasts increase pre-landfall protective spending, but erroneous under-forecasts increase post-landfall damage and...
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