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against disaster losses. Across all levels of development, investment, international trade are the most important transmission …
Persistent link: https://www.econbiz.de/10012834894
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10009240715
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...
Persistent link: https://www.econbiz.de/10011521860
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 …
Persistent link: https://www.econbiz.de/10003855328
literature does not offer conclusive evidence. Most existing studies use disaster data drawn from damage records of insurance … GDP. We build a comprehensive database of disaster events and their intensities from primary geophysical and … effect of disasters on growth. The worst 5% disaster years come with a growth damage of at least 0.45 percentage points. That …
Persistent link: https://www.econbiz.de/10010199740
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Despite the fact that growth theories suggest that natural disasters should have an impact on economic growth, parametric empirical studies have provided little to no evidence supporting that prediction. On the other hand, pure nonparametric regression analysis would be an extremely difficult...
Persistent link: https://www.econbiz.de/10012403903
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zeitlicher Abgrenzung - letzteres im Sinne der Einwirkzeit nach Auftreten der Katastrophe - führt zu unterschiedlichen …
Persistent link: https://www.econbiz.de/10003652550