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Effectiveness of foreign development assistance in mitigating natural disasters' impact : case study of Pacific island countries
Chen, Hong; Singh, Baljeet - 2020
Natural disasters bring tremendous destruction to small island economies in the South Pacific region. Foreign development aid, as an important source of green finance in the region, has the fundamental purpose of reducing natural disasters' effect on the small island economies. With country...
Persistent link: https://www.econbiz.de/10012163861
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Catastrophic Natural Disasters and Economic Growth
Cavallo, Eduardo A. - 2013
We examine the short and long run average causal impact of catastrophic natural disasters on economic growth by combining information from comparative case studies. We assess the counterfactual of the cases studied by constructing synthetic control groups taking advantage of the fact that the...
Persistent link: https://www.econbiz.de/10013094807
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Do natural disasters stimulate individual saving? : evidence from a natural experiment in a highly developed country
Berlemann, Michael; Steinhardt, Max Friedrich; Tutt, Jascha - 2015
While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to filling this gap in the literature by studying how...
Persistent link: https://www.econbiz.de/10010516460
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Do natural disasters stimulate individual saving? : evidence from a natural experiment in a highly developed country
Berlemann, Michael; Steinhardt, Max Friedrich; Tutt, Jascha - 2015
While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to filling this gap in the literature by studying how...
Persistent link: https://www.econbiz.de/10010518804
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Do natural disasters stimulate individual saving? : evidence from a natural experiment in a highly developed country
Berlemann, Michael; Steinhardt, Max Friedrich; Tutt, Jascha - 2015
While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to filling this gap in the literature by studying how...
Persistent link: https://www.econbiz.de/10011283079
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Disasters and Development : Natural Disasters, Credit Constraints and Economic Growth
McDermott, Thomas K. J. - 2013
theoretical model are then tested using a panel of data on natural disaster events at the country-year level, covering the period … 1979-2007. In line with recent literature, we find that natural disaster events exert a significant negative impact on … hypothesis that credit constraints cause disaster events to have more persistent effects on economic growth …
Persistent link: https://www.econbiz.de/10013093445
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The Growth Impact of Disasters in Developing Asia
Ferrarini, Benno - 2020
because disaster effects tend to be highly localized and get diluted in the context of cross-country regressions with …
Persistent link: https://www.econbiz.de/10012835364
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Natural catastrophes and financial development : an empirical analysis
Horváth, Roman - 2020
We estimate the causal effect of natural catastrophes on financial development. We focus on largest catastrophes in developing economies in 1960-2016, employ synthetic control method to compute the counterfactual and use the credit to GDP ratio as the measure of financial development. Our...
Persistent link: https://www.econbiz.de/10012242866
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Natural disaster shocks and macroeconomic growth in Asia : evidence for typhoons and droughts
Alano, Emmanuel; Lee, Minsoo - 2016
Climate-related natural disaster shocks are expected to rise as the earth is getting warmer, which will adversely … of development gains and exacerbate inequality. To cope with increasing disaster risks, both short-term adaptation … strategies like relocation, government transfers, and other social safety nets, as well as long-term strategies like disaster …
Persistent link: https://www.econbiz.de/10011580303
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Escaping Damocles' sword : endogenous climate shocks in a growing economy
Bretschger, Lucas; Vinogradova, Alexandra - 2018
Climate economics has been criticized for ignoring uncertainty, catastrophic changes, and tipping points (Stern 2016). The present paper addresses these issues. We consider multiple climate shocks which are recurring, random, uninsurable, and potentially large. The associated damages and the...
Persistent link: https://www.econbiz.de/10011857735