The paper, starting with the flood disaster that erupted in Henan in July 2021 and taking the enterprise charity practice of EREK as a single case research object, discusses why a bankrupt company can revive from charitable donation. The paper, putting forward the mechanism of enterprise...

This study provides new causal evidence for the impact of a large-scale natural disaster on local economic activity in Iran using nighttime light intensity. We apply the synthetic control method (SCM) and nighttime light (NTL) data from 1992 to 2020 for 31 provinces and 429 counties to study the...

We study how international trade networks react to natural disasters. We combine exhaustive firm-to-firm trade credit and disaster data and use a dynamic difference-indifferences identification strategy. We establish the causal effect of natural disasters abroad on the size, shape and quality of...

In July 2021, severe floods devastated parts of Germany, causing numerous casualties and extensive damage to property and infrastructure. As climate change is expected to increase the frequency and severity of such extreme weather events, understanding their social implications is crucial. Using...

We document that compared to all other investor groups investment funds exhibit a distinctly procyclical behavior when financial-market beliefs about the probability of a euro-related, institutional rare disaster spike. In response to such euro disaster risk shocks, investment funds shed...

Heterogeneous monopolists produce goods using either brown technology, which relies on labor and carbon energy, or green technology, which relies solely on labor. R&D firms enhance productivity using labor to outcompete existing monopolists, thereby driving economic growth. The extraction of...

This paper provides a model to interpret the relative behavior of expected returns of high- and low-resilience assets from the time of the COVID-19 pandemic, including a novel definition of disaster based on COVID-19 intensity. The setup allows us to disentangle the probability of disaster and...

This paper examines the impact of natural disasters on fiscal and external sustainability across 134 economies from 1980 to 2023. We adopt a two-step approach: first, we estimate country-specific, time-varying sustainability coefficients; second, we assess their determinants using Weighted Least...

We empirically investigate the economic impact of natural disasters on food prices and production. We address the key issues of data aggregation and counterfactual biases. Our data set consists of regional information on prices and production for fourteen food products in Peru. This granularity...

Australian bushfires are catastrophic, and their impacts span social, economic, and environmental factors. To reduce the damages experienced by bushfires, predicting Australian bushfire ignition allows for an early warning system to give first responders and disaster managers prompt and accurate...

Using longitudinal, nationally representative data from Australia, this study uncovers a previously undocumented pattern: in over half of cases where one household member reports weather-related home damage, their co-resident does not. This high rate of intra-household inconsistency is striking,...

Climate change poses a major risk to financial stability by affecting sovereign credit risk through transition and physical risks. Using data from 52 developed and developing countries over two decades, the study finds that transition risk leads to higher sovereign yields, especially in...

We introduce the first comprehensive publicly available dataset on county-level damages, injuries, and fatalities from natural disasters in the U.S. and present a few facts on the economic and human costs of extreme climate events. Our source is the National Oceanic and Atmospheric...

As climate change accelerates, transport networks face both direct and indirect disruptions, impacting trade, mobility, and economic stability. Extreme weather events damage critical infrastructure, isolating communities and disrupting supply chains, having a significant impact on economic...

This paper examines how natural disasters shape electoral preferences by analyzing the impact of earthquakes in Italy between 1990 and 2019. Using a staggered Difference-in-Differences design, we estimate that affected municipalities are more likely to elect female, more educated, and older city...

Disasters adversely affect mental well-being. However, little is known about their causal effects on diagnosed psychological disorders or the mediating role of earnings. This study uses a Synthetic Difference-in-Differences approach (SDID) to examine Cyclone Gabrielle’s impact on workers’...

In October 2001, the European Union established the EU Civil Protection Mechanism (UCPM). The UCPM aims to strengthen cooperation on civil protection among EU Member States and UCPM Participating States and to facilitate coordination in the field of civil protection in order to improve...

We document that compared to all other investor groups investment funds exhibit a distinctly procyclical behavior when financial-market beliefs about the probability of a euro-related, institutional rare disaster spike. In response to such euro disaster risk shocks, investment funds shed...

Extreme weather events are becoming more frequent with climate change, yet cold stress events remain understudied. I use the 2021 Texas freeze to examine household adaptation to extreme weather-induced blackouts, focusing on (1) adaptation uptake, (2) socio-economic disparities in adaptive...

This study examines the impact of the 2009 earthquake in L′Aquila on the local tourism industry through the use of the Synthetic Control Method (SCM). Our findings have revealed a sharp decline in tourism supply in the short term, due to extensive infrastructural damage. Although governmental...

This paper examines the role of disaster risk management (DRM) policies implemented by Brazilian municipalities in mitigating the social damage caused by flooding. Specifically, we analyze three commonly adopted DRM policies by local governments: flood risk mapping, supervision of flood-prone...