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Kahn (2005) found that ethnic heterogeneity reduces the number of deaths caused by natural disasters, a finding that is contrary to theoretical predictions. This paper casts doubt on this finding and uses cross-country data from 1965 to 2008 to conduct a re-estimation. To alleviate omitted...
Persistent link: https://www.econbiz.de/10011524862
disaster outcomes. Using panel data from 98 countries, this paper examines how public sector corruption is associated with the …
Persistent link: https://www.econbiz.de/10011526947
Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to 'fat-tailed' risks of catastrophic outcomes (Weitzman, 2009). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...
Persistent link: https://www.econbiz.de/10013127841
disasters has affected corruption within the public sector. There are a number of new findings from this study. (1) Disaster …, frequency of occurrence of disaster plays important role on increasing corruption. This suggests that foreseeable disasters … increase corruption. In developed countries, people have an incentive to live within disaster-prone areas to seek compensation. …
Persistent link: https://www.econbiz.de/10010212504
Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to ‘fat-tailed’ risks of catastrophic outcomes (Weitzman, 2009b). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...
Persistent link: https://www.econbiz.de/10013315705
price, the equilibrium risk-free rate, and risk premia. Climate disasters, which are more likely to occur sooner as … temperature rises, significantly increase risk premia. …
Persistent link: https://www.econbiz.de/10012258563
In March 2015, a new international blueprint for disaster risk reduction (DRR) has been adopted in Sendai, Japan, at … the end of the Third UN World Conference on Disaster Risk Reduction (WCDRR, March 14 - 18, 2015). We review and discuss …
Persistent link: https://www.econbiz.de/10011299221
sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback … effects on the macroeconomy. Research on disaster risks has also actively been pursued in the macroeconomic models of climate … change. Our paper uses insights from the former work to study disaster risks in the macroeconomics of climate change and to …
Persistent link: https://www.econbiz.de/10012865122
costs but also to natural disaster risks. Costly insurance and charity donation both lead to low insurance purchase. While …
Persistent link: https://www.econbiz.de/10012852159
disaster risk reduction (DRR), one that would replace the Hyogo Framework for Action (HFA) 2005-2015 …
Persistent link: https://www.econbiz.de/10013025481