natural disasters affect bilateral trade, and that this effect is conditioned by geographical variables such as distance to … financial centers or area. This allows us to use interactions between geography and the incidence of disasters at the bilateral …’ performances as well as for the direct effect of disasters. We find that the elasticity of income with respect to openness is about …

Growth theory predicts that natural disasters should, on impact, lower GDP per capita. However, the empirical … effect of disasters on growth. The worst 5% disaster years come with a growth damage of at least 0.45 percentage points. That … average effect is driven mainly by very large earthquakes and some meteorological disasters. Poor countries are more strongly …