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Natural disasters and macroeconomic performance: The role of residential investment

Strulik, Holger; Trimborn, Timo - Center for European, Governance and Economic … - 2014

Recent empirical research has shown that income per capita in the aftermath of natural disasters is not necessarily lower than before the event. In many cases, income is not significantly affected and surprisingly, can even respond positively to natural disasters. Here, we propose a simple...

Persistent link: https://www.econbiz.de/10011076218

Natural disasters, growth and institutions: a tale of two earthquakes

Barone, Guglielmo; Mocetti, Sauro - Banca d'Italia - 2014

We examine the impact of natural disasters on GDP per capita by applying the synthetic control approach. Our analysis encompasses two large-scale earthquakes that occurred in two different Italian regions in 1976 and 1980. We show that the short-term effects are negligible in both regions,...

Persistent link: https://www.econbiz.de/10011099721

Natural disasters, growth and institutions: A tale of two earthquakes

Barone, Guglielmo; Mocetti, Sauro - In: Journal of Urban Economics 84 (2014) C, pp. 52-66

We examine the impact of natural disasters on GDP per capita by applying the synthetic control approach and using a within-country perspective. Our analysis encompasses two large-scale earthquakes that occurred in two different Italian regions in 1976 and 1980. We show that the short-term...

Persistent link: https://www.econbiz.de/10011077770

Socio-Economic Aspects of Disaster’s Impact: An Assessment of Databases and Methodologies

SHARMA, Suman K - Division of Economics, Nanyang Technological University - 2010

Economists and social scientists have for the most part not considered disaster issues as a priority. This has changed … present study provides an assessment of existing methodologies of estimating socioeconomic aspects of disaster impacts and the … availability and adequacy of existing data on disaster events. The study methodology involves three major activities, review of …

Persistent link: https://www.econbiz.de/10008631585

Savings in Chile: What Went Right?

Morande, F.G. - 1996

1960-1995 period. In section 2, we check whether the most commonly stylized facts concerning savings in the world's recent …

Persistent link: https://www.econbiz.de/10005489290

Federal Regulation and Aggregate Economic Growth

Dawson, John W.; Seater, John J. - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2010

We introduce a new time series measure of the extent of federal regulation in the U.S. and use it to investigate the relationship between federal regulation and macroeconomic performance. We find that regulation has statistically and economically significant effects on aggregate output and the...

Persistent link: https://www.econbiz.de/10011123982

Life Expectancy, Labor Supply, and Long-Run Growth: Reconciling Theory and Evidence

Strulik, Holger; Werner, Katharina - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2012

We set up a three-period overlapping generation model in which young individuals allocate their time to schooling and work, healthy middle aged individuals allocate their time to leisure and work and their income to consumption and savings for retirement, and old age individuals live off their...

Persistent link: https://www.econbiz.de/10010769243

When will New Zealand catch up with Australia?

New Zealand Institute of Economic Research - 2008

New Zealand’s average income, defined as GDP per capita, is now three quarters that of Australia and even lower than in Australia’s poorest state, Tasmania. Over the last seven years, New Zealand has grown slightly faster than Australia,but at these rates, it would still take 140 years to...

Persistent link: https://www.econbiz.de/10010895301

Balance-constrained growth rates: generalizing Thirlwall’s law

Bajo-Rubio, Oscar - Asociación Española de Economía y Finanzas … - 2012

In this paper, we show how the concept of balance of payments-constrained growth rate developed by Thirlwall (1979) can be generalized as the growth rate constrained by the balance between any two economic variables. In particular, we derive two new concepts: the government balance-constrained...

Persistent link: https://www.econbiz.de/10010856698

Life expectancy, labor supply, and long-run growth: Reconciling theory and evidence

Strulik, Holger; Werner, Katharina - Center for European, Governance and Economic … - 2012

We set up a simple overlapping generation model that allows us to distinguish between life expectancy and active life expectancy. We show that individuals optimally adjust to a longer active life by educating more and, if the labor supply elasticity is high enough, by supplying less labor. When...

Persistent link: https://www.econbiz.de/10010954344