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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
While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the … microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to …
Persistent link: https://www.econbiz.de/10010516460
While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the … microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to …
Persistent link: https://www.econbiz.de/10010518804
While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the … microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to …
Persistent link: https://www.econbiz.de/10011283079
likely and/or more severe. While there is a growing macroeconomic literature on the growth-effects of natural disasters … especially long-run growth. This paper contributes to filling this gap in the literature by studying behavioural responses to the … long-term growth consequences. …
Persistent link: https://www.econbiz.de/10010487684