An analysis of the effects of natural hazards on society does not solely depend on a region's topographic or climatic exposure to natural processes, but the region's institutional resilience to natural processes that ultimately determines whether natural processes result in a natural hazard or...

An analysis of the effects of natural hazards on society does not solely depend on a region's topographic or climatic exposure to natural processes, but the region's institutional resilience to natural processes that ultimately determines whether natural processes result in a natural hazard or...

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...

Weltweit bestehen gewaltige Unterschiede im materiellen Wohlstand. In der Erforschung nach den Ursachen dieser Ungleichheit wird auch der Frage nachgegangen, welchen Einfluss Naturkatastrophen auf die Entwicklung armer Länder haben. Sind sie ein Grund für ein anhaltendes schwaches...