McDermott, Thomas K. J.; Barry, Frank; Tol, Richard S. J. - 2011
occurrences - such as natural or humanitarian disasters - on economic growth over the medium - to long - term. In particular, we … could have lasting effects on economic growth only if agents face borrowing constraints. The predictions of our theoretical … significant negative impact on economic growth. In particular, where access to credit is problematic, the negative effects of …