Natural disasters' impact, factors of resilience and development: A meta-analysis of the macroeconomic literature

We systematize 64 primary studies published in 2000–2013 on the macroeconomic impact of natural disasters by providing OLS and generalized ordered probit meta-analyses for 1858 and 1991 regressions, respectively. We investigate how the reported results in the primary studies are influenced by the empirical design, the estimation technique, and/or publication bias. We analyze primary studies on disaster direct costs and indirect costs separately. According to our meta-analysis, disasters on average have a negative impact in terms of direct costs and an insignificant impact in terms of indirect costs.