History has shown that hurricanes can cause catastrophic destruction and impede economic growth in the Caribbean. Nevertheless, there is essentially as of date no comprehensive quantitative risk and anticipated loss assessment for the region. In this paper we use synthetic hurricane tracks and...

We study the relationship between economic development and consumption of natural resources using a vintage capital model. Consumption of natural resources is assumed to generate pollution, part of which will be absorbed by nature's self-regeneration capacity. We find that during the transition...