Die Studie präsentiert eine Datenbank, die sich auf physikalische Maßeinheiten von Naturkatastrophen stützt und die Schätzung der Auswirkungen von Naturkatastrophen auf die Wirtschaftsleistung ermöglicht. Naturkatastrophen wirken sich im Durchschnitt ganz klar negativ auf das BIP pro Kopf...

Pacific island countries (PICs) are vulnerable severe natural disasters, especially cyclones, inflicting large losses on their economies. In the aftermath of disasters, PIC governments face revenue losses and spending pressures to address post-disaster relief and recovery efforts. This paper...

The 2016 election of Donald J. Trump as the 45th President of the United States promised to usher in sweeping changes to the federal government's policy priorities, largely at the expense of environmental and social safety. Climate change mitigation efforts will likely slow as a result of...

There is ample evidence in the literature that developing countries would suffer the most from the adverse effects of climate change. Although, respective developing economies have dedicated action plans to mitigate or adapt to these adverse effects, financing for these strategies may be lacking...

Do technological improvements mitigate the potential damages from extreme weather events? We address this question using oil production and hurricane data from the Gulf of Mexico. We show that hurricane activity lowers well production and that stronger storms have larger impacts that persist for...

The projected increase in extreme climate events in the coming decades is likely to exacerbate the existing productivity and demographic challenges facing Europe. We study the dynamic, medium-run macroeconomic effects of heatwaves, droughts and floods in 1160 EU regions through the lens of a...

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,...

We examine the impact of natural disasters on economic growth by applying a synthetic control approach. In contrast to previous literature, we adopt a within-country perspective, which allows us to use richer and more comparable data and to better define the geographic area hit by the disaster....

Hurricanes represent exogenous shocks with consequences for the real economy similar to those commonly-considered as consumption disasters. We investigate how the abnormal effects due to landfall hurricanes on stock returns, illiquidity and tail risk vary across decile portfolios of stocks...

Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of medium-term economic and fiscal planning to minimize the adverse impact of disasters on...