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institution play only a minor role in the mitigation of damage in the event of a natural disaster. …
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because disaster effects tend to be highly localized and get diluted in the context of cross-country regressions with …
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probability of disaster occurrence to decrease with income; (ii) the capital at risk – and thus the economic losses in case of … disaster – to increase faster than economic growth; (iii) the average annual losses to grow faster than income at low levels of … observation of a trend in disaster losses should not be confused with the presence of excessive risk taking. In a descriptive …
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probability of disaster occurrence to decrease with income; (ii) the capital at risk - and thus the economic losses in case of … disaster - to increase faster than economic growth; (iii) the average annual losses to grow faster than income at low levels of … observation of a trend in disaster losses should not be confused with the presence of excessive risk taking. In a descriptive …
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This chapter discusses natural disasters and their impacts on economic development of Southeast Asia. Natural disasters generally lead to capital decumulation, have impacts on total factor productivity, and involve vulnerability of people living in the economy. Their effects could persist in the...
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