deficit and trade deficit in the economy of Maldives, by using real budget deficit and trade deficit data series. This study … equivalence hypothesis for the economy of Maldives over the period of the study …

periodic long term solutions and denote them rich and poor economies. Whereas rich economies can afford to invest in flood … defence and therefore avoid flood damage and develop high living standards, poor economies prefer consumption instead of … investing in flood defence capital and end up facing flood damages every time the water level rises. Nevertheless, they manage …

growth. Flood damages affect Coastal firms hitting their labour productivity, capital stock and inventories. We find that the …-reinforcing and path-dependent agglomeration processes. We then introduce five scenarios considering flood hazards characterized by … regions. If strong flood hazards hit frequently the Coastal region before agglomeration forces trigger high levels of …