Article in Journal
Naturally Negative: the Growth Effect of Natural Disasters
Gabriel Felbermayr, Jasmin Katrin Gröschl
ifo Institut, München, 2013
ifo Schnelldienst, 2013, 66, Nr. 19, 16-22
ifo Institut, München, 2013
ifo Schnelldienst, 2013, 66, Nr. 19, 16-22
The study presents a database that draws on physical units of measurement of natural disasters and makes it possible to estimate their impact on economic performance. On average, natural disasters have a clearly negative impact on per capita GDP. However, the negative effect can be weakened through qualitatively better institutions, and a stronger connection to international finance and/or goods markets.
JEL Classification: Q540, H610