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 … autarky. Considering these extreme cases allows us to highlight the interaction of disasters and economic underdevelopment … disasters on growth are persistent over the mediumterm. These results are robust to various checks. Our findings suggest that …