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common than official flood maps would predict, suggesting that local knowledge may also mitigate disaster impacts. …
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economies, face much larger output declines following a disaster of similar relative magnitude than do developed countries or … trade, and higher levels of government spending are better able to withstand the initial disaster shock and prevent further …
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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...
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