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Barsky, Robert B. - 2009

We implement a new approach for the identification of news shocks about future technology. In a VAR featuring a measure of aggregate technology and several forward-looking variables, we identify the news shock as the shock orthogonal to technology innovations that best explains future variation...

Persistent link: https://www.econbiz.de/10013156463

Hurricane Katrina Floods New Jersey : The Role of Information in the Market Response to Flood Risk

Muller, Nicholas Z. - 2019

market in New Jersey responds to several well-publicized hurricanes and tropical storms that did not strike the Atlantic …

Persistent link: https://www.econbiz.de/10012867643

Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets

Mitchener, Kris - 2010

This paper examines the relationship between the structure of banking markets and economic growth using a new dataset on manufacturing industry-level growth rates and banking market concentration for U.S. states during 1899-1929--a period when the manufacturing sector was expanding rapidly and...

Persistent link: https://www.econbiz.de/10013148371

Economic Growth and Convergence Across the United States

Barro, Robert J.; Sala-i-Martin, Xavier - 2021

A key economic issue is whether poor countries or regions tend to grow faster than rich ones: are there automatic forces that lead to convergence over time in levels of per capita income and product? After considering predictions of closed- and open-economy neoclassical growth theories, we...

Persistent link: https://www.econbiz.de/10013229359

Do Borders Matter for Social Capital? Economic Growth and Civic Culture in U.S. States and Canadian Provinces

Helliwell, John F. - 2022

The paper first assesses regional and ethnic group differences in social trust and memberships in both Canada and the United States. The ethnic categories people choose to describe themselves are as important as regional differences, but much less important than education, in explaining...

Persistent link: https://www.econbiz.de/10013309215

Dutch Disease or Agglomeration? The Local Economic Effects of Natural Resource Booms in Modern America

Allcott, Hunt - 2014

Do natural resources benefit producer economies, or is there a “Natural Resource Curse,”0 perhaps as the crowd-out of manufacturing productivity spillovers reduces long-term growth? We combine new data on oil and gas endowments with Census of Manufactures microdata to estimate how oil and...

Persistent link: https://www.econbiz.de/10013047033

Climate Shocks, Cyclones, and Economic Growth : Bridging the Micro-Macro Gap

Bakkensen, Laura - 2018

Empirical analyses of climatic event impacts on growth, while critical for policy, have been slow to be incorporated into macroeconomic climate-economy models. This paper proposes a joint empirical-structural approach to bridge this gap for tropical cyclones. First, we review competing empirical...

Persistent link: https://www.econbiz.de/10012912546

The Causal Effect of Environmental Catastrophe on Long-Run Economic Growth : Evidence from 6,700 Cyclones

Hsiang, Solomon - 2014

Does the environment have a causal effect on economic development? Using meteorological data, we reconstruct every country's exposure to the universe of tropical cyclones during 1950-2008. We exploit random within-country year-to-year variation in cyclone strikes to identify the causal effect of...

Persistent link: https://www.econbiz.de/10013049691

Taken by Storm : Hurricanes, Migrant Networks, and U.S. Immigration

Mahajan, Parag - 2017

hurricanes, which reduce the attractiveness of origin locations. Restricted-access U.S. Census data allows precise migration … measures and analysis of more migrant-origin countries. Hurricanes increase U.S. immigration, with the effect increasing in the …

Persistent link: https://www.econbiz.de/10012948434

The Economics of Hurricanes in the United States

Nordhaus, William D. - 2010

The year 2005 brought record numbers of hurricanes and storm damages to the United States. Was this a foretaste of … increasingly destructive hurricanes in an era of global warming? This study examines the economic impacts of U.S. hurricanes. The … cyclones in the North Atlantic. Second, there are substantial vulnerabilities to intense hurricanes in the Atlantic coastal …

Persistent link: https://www.econbiz.de/10012760476