Xu, Xian; Mo, Jiawei - In: The Geneva Papers on Risk and Insurance - Issues and … 38 (2013) 3, pp. 495-520
In this paper we construct a simple two-period equilibrium model for analysing the impact of post-disaster transfer payments on economic growth. This model can be used to show that direct payment of disaster relief funds may aggravate rather than mitigate the negative impact of disasters on the...