microeconomic study of the recovery of the private firms in a developing country following a major natural disaster. Disaster … recovery is found to be slower than commonly assumed, with disaster-affected enterprises lagging behind unaffected comparable … firms more than three years after the disaster. Using data from random cash grants provided by the project, the paper shows …

plains), this paper shows that rapid development in these areas-and the resulting increase in disaster losses-may be the … consequence of a rational and well-informed trade-off between lower disaster losses and higher productivity. With disasters … possibly becoming less frequent but increasingly destructive in the future, average disaster losses may grow faster than wealth …