Cavallo, Eduardo Alfredo; Noy, Ilan; Pantano, Juan; … - Inter-American Development Bank - 2010
This paper examines the short and long-run average causal impact of catastrophic natural disasters on economic growth … constructing synthetic control groups, taking advantage of the fact that the timing of large sudden natural disasters is an … exogenous event. It is found that only extremely large disasters have a negative effect on output, both in the short and long …