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We compare the realised impact of terrorism and disasters linked to natural hazards. Using fifty years of data from two databases covering 99 percent of the global population, we find that natural hazard disasters were more then 20 times more impactful than terrorism. The former had a larger...
Persistent link: https://www.econbiz.de/10013337593
indicates that the main underlying channel is a shock on families' wealth. -- child development ; natural disaster ; wealth … and education of a specific shock: housing damages caused by a super typhoon. Our results reveal negative effects on … shock …
Persistent link: https://www.econbiz.de/10009722391
and education of a specific shock: housing damages caused by a super typhoon. Our results reveal negative effects on … indicates that the main underlying channel is a shock on families' wealth …
Persistent link: https://www.econbiz.de/10013083878
non-productive but alleviates the damage caused by a rare natural disaster. We present a modeling way to include uncertain …
Persistent link: https://www.econbiz.de/10012861982
We evaluate the change in international reserves in the aftermath of significant external shocks. We examine the response of international reserves to shocks by using a quasi-experimental setup and focusing on earthquakes. The estimation is done on a panel of 103 countries over the period...
Persistent link: https://www.econbiz.de/10012300233
Climate research suggests that global warming will lead to more frequent and more extreme natural disasters. Most disasters are local events with effects on local economic activity. Hence, assessing their economic impacts with the help of econometric country-level analysis may lead to biased...
Persistent link: https://www.econbiz.de/10011872945
Hurricanes give rise to flight-to-safety episodes during which High Tech stocks consistently behave differently from stocks in other industries. We isolate a safety premium of 3.75\% which peaks at 16% annualized for periods of 20 days after landfall. The safety premium is greater than the short...
Persistent link: https://www.econbiz.de/10012845174
We study the role of international financial integration in buffering natural disaster shocks, using a large sample of … and economic conditions. We document that integration improves shock absorption: output, consumption, and investment are … significantly higher after a shock in states of high integration than in states of low integration. However, the benefits of …
Persistent link: https://www.econbiz.de/10014468927
storms, heavy rain, and floods. Concern about future climate change on the household level has a substantial negative impact …
Persistent link: https://www.econbiz.de/10010384641
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