We use panel vector autoregression models to trace the dynamic response of output growth to flood shocks, using new data on large flood events in 135 countries between 1985 and 2008. Flood shocks tend to have a positive and significant average impact on per capita GDP growth. However, this...

Deforestation primarily affects developing countries. Most developing countries share two characteristics: (1) trade liberalization reforms in the last two decades, and (2) weak property rights and limited rule of law. This paper investigates this second-best world; first, in a stylized model in...

We examine whether property price differentials reflecting flood risk increase following a large flood event, and whether this change is temporary or permanent. We use single-family residential property sales in Dougherty County, Georgia, between 1985 and 2004 in a difference-in-differences...

Standard recommendation for improving logging practices in tropical forests include lengthening concession agreements making concessions renewable, and requiring concessionaires to deposit performance bonds. In this paper we investigate the likely effectiveness of these recommendations by using...

Hyde, Amacher, and Magrath (1996) imply that deforestation and timber rents (logging revenue minus logging costs other than timber fees) are not subjects that justify policymakers' attention, arguing that market responses limit the scope of deforestation ...

Considered at the landscape scale, economically efficient multiple use of forests may require land-use specialization. If managers attempt to satisfy legitimate multiple-use demands from society by managing all lands for all outputs, both commodity and amenity values of the forest may be...