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We examine the impact of hurricane strikes on the construction industry in US counties. To this end we use a measure of hurricane destruction derived from a wind field model and historical hurricane track data and employ this within a dynamic labour demand framework. Our results show that...
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concerned play in the observed increase in losses. For analysis purposes, storm loss is depicted as a function of the value of … material assets affected by the storm (the capital stock) and storm intensity. The findings show the increase in losses due to … cyclones ; climate change ; socio-economic impact ; storm damage function …
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choice of baseline and of the wind-speed elasticity of storm damage. -- climate change ; tropical storms ; economic impact …
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