This study explores the economic consequences of earthquakes. In particular, it is investigated how exposure to earthquakes affects economic growth both across and within countries. The key result of the empirical analysis is that while there are no observable effects at the country level,...

The Great East Japan Earthquake on 11 March 2011 was the biggest earthquake recorded in Japanese seismic history, and the fourth largest recorded in the world. The scope of the disaster far exceeded that of the Hanshin Earthquake of 1995. The repercussions of this disaster spread far beyond the...

Eine geschlossene ökonomische Theorie der Naturkatastrophen existiert bislang nicht. Arbeiten, die sich dieses Themas aus volkswirtschaftlicher Sicht annehmen und dabei vor allem die langfristig wirksam werdenden ökonomischen Prozesse betrachten, besitzen folglich Pioniercharakter. Denn die...