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Climate Damages in Convergence-Consistent Growth Projections

Harding, Anthony; Moreno Cruz, Juan; Quaas, Martin F.; … - 2023

Projections of climate change damages based on climate-econometric estimates suggest that, without mitigation, global warming could reduce average global incomes by over 20% towards the end of the century (Burke et al., 2015). This figure significantly surpasses climate damages in Integrated...

Persistent link: https://www.econbiz.de/10014347833

Natural Disasters and Regional Development - the Case of Earthquakes

Fabian, Marius - 2019

entire world for the period 1992-2013 we find that earthquakes reduce both light growth rates and light levels significantly …

Persistent link: https://www.econbiz.de/10012892078

The Economic Impact of Weather and Climate

Tol, Richard S. J. - 2021

I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth: A stochastic frontier model with climate in the production frontier and weather shocks as a source of inefficiency. I test it on a sample of 160 countries over the period...

Persistent link: https://www.econbiz.de/10013239329

The Impact of a Large-Scale Natural Disaster on Local Economic Activity : Evidence from the 2003 Bam Earthquake in Iran

Farzanegan, Mohammad Reza; Fischer, Sven - 2023

This study provides new causal evidence for the impact of a large-scale natural disaster on local economic activity in … disaster relief during the reformist government of President Khatami, the political trust and mobilization of civil society in …, economic activity in Bam County returns to its pre-disaster development path after seven years …

Persistent link: https://www.econbiz.de/10014347828

The Global Costs of Extreme Weather that are Attributable to Climate Change

Newman, Rebecca; Noy, Ilan - 2022

Extreme weather events have significant adverse costs for individuals, firms, communities, regional, and national economies. Extreme Event Attribution (EEA), a methodology that examines the degree to which anthropogenic greenhouse gas emissions had changed the occurrence of specific extreme...

Persistent link: https://www.econbiz.de/10014242787

Fifty Years of Peril : A Comprehensive Comparison of the Impact of Terrorism and Disasters Linked to Natural Hazards (1970-2019)

Wilson, Timothy; Noy, Ilan - 2022

We compare the realised impact of terrorism and disasters linked to natural hazards. Using fifty years of data from two databases covering 99 percent of the global population, we find that natural hazard disasters were more then 20 times more impactful than terrorism. The former had a larger...

Persistent link: https://www.econbiz.de/10014078668

The Neoclassical Growth of China

Fernández-Villaverde, Jesús; Ohanian, Lee E.; Yao, Wen - 2023

This paper studies China’s four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China’s growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...

Persistent link: https://www.econbiz.de/10014347723

Natural disasters and the effect of trade on income: A new panel IV approach

Felbermayr, Gabriel J.; Gröschl, Jasmin - 2011

Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...

Persistent link: https://www.econbiz.de/10010277354

Markups, Taxes, and Rising Inequality

Auray, Stéphane; Eyquem, Aurélien; Garbinti, Bertrand; … - 2022

How to explain rising income and wealth inequality? We build an original heterogeneous-agent model with three key features: (i) an explicit link between firm’s market power and top income shares, (ii) a granular representation of the tax and transfer system, and (iii) three assets with...

Persistent link: https://www.econbiz.de/10014244079

The Neoclassical Growth of China

Fernández-Villaverde, Jesús; Ohanian, Lee; Yao, Wen - 2023

This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...

Persistent link: https://www.econbiz.de/10014377473