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the relationship between different measures of natural disaster impact and long-run economic growth. The sample is … of the first regressions show that for some of the groups of countries the disaster impact persists beyond the 2-5 years …
Persistent link: https://www.econbiz.de/10014198594
. Because using a country's own disaster exposure as an instrument for aid inflows violates exogeneity assumptions, I instead … use the disaster exposure of a country's "aid neighbors," defined as its competitors for aid from donors. Using aid …
Persistent link: https://www.econbiz.de/10014153490
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...
Persistent link: https://www.econbiz.de/10009240715
better define the geographic area hit by the disaster. We examine two large-scale earthquakes that occurred in two different …
Persistent link: https://www.econbiz.de/10011543882
This paper seeks to determine the effects that natural disasters have on per capita GDP and on the debt to GDP ratio in the Caribbean. Two types of natural disasters are studied –storms and floods– given their prevalence in the region, while considering the effects of both moderate and...
Persistent link: https://www.econbiz.de/10013049168
We examine the impact of natural disasters on GDP per capita by applying the synthetic control approach. Our analysis encompasses two large-scale earthquakes that occurred in two different Italian regions in 1976 and 1980. We show that the short-term effects are negligible in both regions,...
Persistent link: https://www.econbiz.de/10013056050
average. We find that countries that have in place disaster preparedness mechanisms and lower public debt have lower … probability of witnessing a significant drop in growth as a consequence of a natural disaster, but our innovative methodology in … this paper finds that the two policies are complements since their effectiveness vary across different disaster scenarios …
Persistent link: https://www.econbiz.de/10013306749
main disaster data sources available, discusses the determinants of the direct effects of disasters, and distinguishes …
Persistent link: https://www.econbiz.de/10010247143
This paper examines the short and long-run average causal impact of catastrophic natural disasters on economic growth by combining information from comparative case studies. The counterfactual of the cases studied is assessed by constructing synthetic control groups, taking advantage of the fact...
Persistent link: https://www.econbiz.de/10010246562
This paper unravels the contemporaneous, lagged, and indirect effects of tropical cyclones on annual sectoral growth worldwide. The main explanatory variable is an area-weighted measure for local tropical cyclone intensity based on meteoro-logical data, which is included in a panel analysis for...
Persistent link: https://www.econbiz.de/10011798404