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This paper studies the allocation of total disaster risk reduction public spending among regions in Peru. The main objective of this work is to identify the main determinants of the distribution of these resources, and for this purpose an index of historical physical impacts of natural...
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associated with a more dispersed and negatively skewed distribution of output growth. Second, the response of economic growth to … impact of uncertainty on growth. We develop and estimate an analytically tractable model in which rapid adoption of new … technology may raise economic uncertainty which causes measured productivity to decline. The equilibrium growth distribution is …
Persistent link: https://www.econbiz.de/10014048844
flow of economic activities. In this study, we investigated the effects of inflation and inflation uncertainty on growth in … uncertainty on growth from the long-run effects. Also, unlike the previous studies, we examined whether increases in inflation … uncertainty have the same effects on growth as decreases in it. By applying linear and nonlinear specifications to a data set …
Persistent link: https://www.econbiz.de/10012176383
The study of natural catastrophe models plays an important role in the prevention and mitigation of disasters. After the occurrence of a natural disaster, the reconstruction can be financed with catastrophe bonds (CAT bonds) or reinsurance. This paper examines the calibration of a real...
Persistent link: https://www.econbiz.de/10003633993
insurance policies. -- Public Finance ; Insurance ; Natural Disasters …
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indicate the importance of tail risk and call for foresighted pre-emptive climate policies. -- Climate Policy ; Extreme Events …
Persistent link: https://www.econbiz.de/10003977579
indicate the importance of tail risk and call for foresighted pre-emptive climate policies. -- climate policy ; extreme events …
Persistent link: https://www.econbiz.de/10003994530
Expected Utility theory is not only applied to individual choices but also to ethical decisions, e.g. in cost-benefit analysis of climate change policy measures that affect future generations. In this context the crucial question arises whether EU theory is able to deal with "catastrophic...
Persistent link: https://www.econbiz.de/10008652528