Gassebner, Martin; Keck, Alexander; Teh, Robert - KOF Swiss Economic Institute, Department of Management, … - 2006
This paper examines the impact of major disasters on trade flows using a gravity model(170 countries, 1962-2004). As a conservative estimate, an additional disaster reduces imports on average by 0,2% and exports by 0.1%. Despite the apparent persistence of bilateral trade volumes, the impact of...