In this paper, we propose a comprehensive Public Choice framework to identify and categorize barriers to efficient public climate adaptation. Specifically, we distinguish three dimensions of public adaptation: extent, structure (form and timing) and organisation (vertical and horizontal). Within...

This paper uses a difference-in-differences approach to test the hypothesis that the increase in the per-shipment costs of imports from Japan due to the Fukushima disaster in 2011 lead to an increase in the lumpiness of imports from Japan. Using China and the USA as control groups it is found...

This paper examines the role of disaster shock in a one-sector, representative agent dynamic stochastic general equilibrium model (DSGE). First, it estimates a panel vector autoregresive (VAR) model for output, investment, trade balance, consumption, and country spread to capture the economic...

This is an open access title available under the terms of a CC BY 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. In recent years, typhoons have struck the Philippines and Vanuatu; earthquakes have...

Seit dem Reaktorunfall von Tschernobyl wendet die Ukraine jährlich 5–7% ihres BIP auf, um das zerstörte Kraftwerk und die Umgebung zu sichern und zu dekontaminieren sowie um Betroffene zu entschädigen. Die tatsächlichen Folgekosten der Katastrophe gehen aber weit darüber hinaus. Das...

This paper explores the degree to which exposure to reoccurring natural disasters of various kinds explains seven dimensions of severe child poverty in 67 middle- and low-income countries. It also analyzes how certain institutional conditions, namely the quality of government (QoG), have...

Rich countries have developed a historically unprecedented capability to manage conventional risks - fire, floods, earthquakes etc., but also car accidents, many workplace risks, and more. It is based on two institutions - insurance markets and public risk governance - supported by a powerful...

We estimate the fiscal multiplier associated with shocks to government spending. We consider increases in government spending in the U.S. states in the wake of natural disasters to capture spending shocks that are both unexpected and unrelated to the preceding state of the economy. We find that...