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shocks reduce the short-term growth of constant-price GDP and we analyse which structural policies help to minimize these … losses. Structural policies are incentives and regulations that are maintained for long periods, contrasting with policy … policies have large effects that are specific to particular types of shock. In particular, regulations which reduce the speed …
Persistent link: https://www.econbiz.de/10013150879
shocks reduce the short-term growth of constant-price GDP and we analyse which structural policies help to minimize these … losses. Structural policies are incentives and regulations that are maintained for long periods, contrasting with policy … policies have large effects that are specific to particular types of shock. In particular, regulations which reduce the speed …
Persistent link: https://www.econbiz.de/10014204018
The paper employs statistical hypothesis tests to explore the question of whether natural hazards (hail and tornadoes being considered here) are or are not intertemporally random. The answer to this question, at least for these two hazards, is surprising and has important policy implications:...
Persistent link: https://www.econbiz.de/10013138066
This paper estimates the impact of catastrophic natural disasters on economic growth using an event study methodology …-suffer an average loss between 2.1 and 3.7 percentage points (p.p.). The estimated loss is not offset by above-average growth … effects on growth are negligible. Thus, the negative impacts of natural disasters on economic growth are larger for poorer …
Persistent link: https://www.econbiz.de/10012628798
This paper estimates the growth impact of disasters, with a focus on developing Asia and its subregions. It finds that … severe disasters slow down annual growth in the Pacific island countries by between 1 and 2 percentage points on average … to the footprint of major natural hazards. The growth impact is less clear for other regions and worldwide, mainly …
Persistent link: https://www.econbiz.de/10012835364
This paper estimates the growth impact of disasters, with a focus on developing Asia and its subregions. It finds that … severe disasters slow down annual growth in the Pacific island countries by between 1 and 2 percentage points on average … to the footprint of major natural hazards. The growth impact is less clear for other regions and worldwide, mainly …
Persistent link: https://www.econbiz.de/10012020439
This paper explores the impact of foreign aid on economic growth using variation in aid inflows from natural disasters … neighbor droughts to instrument for aid, I show that aid inflows significantly increase per capita GDP growth in the short to … any long-run aid-growth effects …
Persistent link: https://www.econbiz.de/10014153490
We develop a simple methodology to estimate monthly aggregate supply and demand conditions from bilateral international trade data for about 180 countries and 40 years. We apply our method to measure the short-run effects of natural disasters. In line with theoretical considerations, we find...
Persistent link: https://www.econbiz.de/10012607100
economic development and growth is still in its infancy. In order to facilitate further necessary research on this topic, this …
Persistent link: https://www.econbiz.de/10010247143
on the physical intensity of natural disasters. Chapter 3 zooms in on the local growth effects of natural disasters and …
Persistent link: https://www.econbiz.de/10011966938