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Naturally Negative : The Growth Effects of Natural Disasters
Felbermayr, Gabriel - 2013
literature does not offer conclusive evidence. Most existing studies use disaster data drawn from damage records of insurance … GDP. We build a comprehensive database of disaster events and their intensities from primary geophysical and … effect of disasters on growth. The worst 5% disaster years come with a growth damage of at least 0.45 percentage points. That …
Persistent link: https://www.econbiz.de/10013073607
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Natural Disasters and the Effect of Trade on Income : A New Panel IV Approach
Felbermayr, Gabriel - 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/10013121825
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Long-Term Growth Effects of Natural Disasters - Empirical Evidence for Droughts
Berlemann, Michael - 2015
The ongoing process of climate change goes along with a higher frequency and/or severity of droughts. While the short-term growth consequences of droughts are comparatively well examined, little research has yet been devoted to the question whether and how droughts affect medium and long-term...
Persistent link: https://www.econbiz.de/10013010474
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Do Natural Disasters Stimulate Individual Saving? Evidence from a Natural Experiment in a Highly Developed Country
Berlemann, Michael - 2015
While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to filling this gap in the literature by studying how...
Persistent link: https://www.econbiz.de/10013022499
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Shedding Light on the Spatial Diffusion of Disasters
Felbermayr, Gabriel - 2018
spatial shifts of economic activity after a natural disaster are a rather local phenomenon, stressing the importance of local …
Persistent link: https://www.econbiz.de/10012912423
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Decentralization and Natural Disasters
Goodspeed, Timothy J. - 2013
disaster. The paper concludes by reflecting on what we know about whether policies to confront natural disasters should be …
Persistent link: https://www.econbiz.de/10013083868
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The Tempest : Natural Disasters, Early Shocks and Children's Short- and Long-Run Development
Deuchert, Eva - 2013
Economic theory predicts that adverse shocks during early childhood have detrimental short- and long-run consequences for children's development. We examine this hypothesis by analyzing the short-and long-run effects on children's health and education of a specific shock: housing damages caused...
Persistent link: https://www.econbiz.de/10013083878
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Do Natural Hazards Cause International Migration?
Gröschl, Jasmin Katrin - 2016
with the World Bank's Global Bilateral Migration Database. Overall, our results suggest little evidence that natural …
Persistent link: https://www.econbiz.de/10012978452
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Do Natural Disasters Enhance Societal Trust?
Toya, Hideki; Skidmore, Mark - 2021
devastating human and economic impacts, a potential spillover benefit of greater disaster exposure may be a more tightly knit …
Persistent link: https://www.econbiz.de/10013315874
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The Changing Macroeconomic Response to Stock Market Volatility Shocks
Beetsma, Roel - 2011
There is substantial consensus in the literature that positive uncertainty shocks predict a slowdown of economic activity. However, using U.S. data since 1950 we show that the macroeconomic response pattern to stock market volatility shocks has changed substantially over time. The negative...
Persistent link: https://www.econbiz.de/10013117909