Unmitigated disasters? New evidence on the macroeconomic cost of natural catastrophes
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- David Strömberg, 2007. "Natural Disasters, Economic Development, and Humanitarian Aid," Journal of Economic Perspectives, American Economic Association, vol. 21(3), pages 199-222, Summer.
- Mr. Luc Laeven & Mr. Fabian Valencia, 2010. "Resolution of Banking Crises: The Good, the Bad, and the Ugly," IMF Working Papers 2010/146, International Monetary Fund.
- Noy, Ilan, 2009.
"The macroeconomic consequences of disasters,"
Journal of Development Economics, Elsevier, vol. 88(2), pages 221-231, March.
- Ilan Noy, 2007. "The Macroeconomic Consequences of Disasters," Working Papers 200707, University of Hawaii at Manoa, Department of Economics.
- Valerie Cerra & Sweta Chaman Saxena, 2008.
"Growth Dynamics: The Myth of Economic Recovery,"
American Economic Review, American Economic Association, vol. 98(1), pages 439-457, March.
- Ms. Sweta Chaman Saxena & Ms. Valerie Cerra, 2005. "Growth Dynamics: The Myth of Economic Recovery," IMF Working Papers 2005/147, International Monetary Fund.
- Valerie Cerra & Sweta Chaman Saxena, 2007. "Growth dynamics: the myth of economic recovery," BIS Working Papers 226, Bank for International Settlements.
- Valerie Cerra & Sweta C. Saxena, 2005. "Growth Dynamics: The Myth of Economic Recovery," Macroeconomics 0508008, University Library of Munich, Germany.
- Christopher A. Sims & Tao Zha, 1999.
"Error Bands for Impulse Responses,"
Econometrica, Econometric Society, vol. 67(5), pages 1113-1156, September.
- Christopher A. Sims & Tao Zha, 1994. "Error Bands for Impulse Responses," Cowles Foundation Discussion Papers 1085, Cowles Foundation for Research in Economics, Yale University.
- Christopher A. Sims & Tao Zha, 1995. "Error bands for impulse responses," FRB Atlanta Working Paper 95-6, Federal Reserve Bank of Atlanta.
- Tom Doan, "undated". "RATS programs to replicate Sims and Zha(1999) "Error Bands for Impulse Responses"," Statistical Software Components RTZ00145, Boston College Department of Economics.
- Thomas Fomby & Yuki Ikeda & Norman V. Loayza, 2013.
"The Growth Aftermath Of Natural Disasters,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 28(3), pages 412-434, April.
- Fomby, Thomas & Ikeda, Yuki & Loayza, Norman, 2009. "The growth aftermath of natural disasters," Policy Research Working Paper Series 5002, The World Bank.
- Toya, Hideki & Skidmore, Mark, 2007.
"Economic development and the impacts of natural disasters,"
Economics Letters, Elsevier, vol. 94(1), pages 20-25, January.
- Mark Skidmore & Hideki Toya, 2005. "Economic Development and the Impacts of Natural Disasters," Working Papers 05-04, UW-Whitewater, Department of Economics.
- Loayza, Norman V. & Olaberría, Eduardo & Rigolini, Jamele & Christiaensen, Luc, 2012.
"Natural Disasters and Growth: Going Beyond the Averages,"
World Development, Elsevier, vol. 40(7), pages 1317-1336.
- Loayza, Norman & Olaberria, Eduardo & Rigolini, Jamele & Christiaensen, Luc, 2009. "Natural disasters and growth - going beyond the averages," Policy Research Working Paper Series 4980, The World Bank.
- Oscar Becerra & Eduardo Cavallo & Ilan Noy, 2014.
"Foreign Aid in the Aftermath of Large Natural Disasters,"
Review of Development Economics, Wiley Blackwell, vol. 18(3), pages 445-460, August.
- Becerra, Oscar & Cavallo, Eduardo A. & Noy, Ilan, 2012. "Foreign Aid in the Aftermath of Large Natural Disasters," IDB Publications (Working Papers) 4056, Inter-American Development Bank.
- Ilan Noy & Oscar Becerra & Eduardo A. Cavallo, 2012. "Foreign Aid in the Aftermath of Large Natural Disasters," Research Department Publications 4792, Inter-American Development Bank, Research Department.
- Andrew C. Harvey, 1990. "The Econometric Analysis of Time Series, 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 026208189x, December.
- Raddatz, Claudio, 2007.
"Are external shocks responsible for the instability of output in low-income countries?,"
Journal of Development Economics, Elsevier, vol. 84(1), pages 155-187, September.
- Raddatz, Claudio, 2005. "Are external shocks responsible for the instability of output in low income countries?," Policy Research Working Paper Series 3680, The World Bank.
- Eduardo Cavallo & Sebastian Galiani & Ilan Noy & Juan Pantano, 2013.
"Catastrophic Natural Disasters and Economic Growth,"
The Review of Economics and Statistics, MIT Press, vol. 95(5), pages 1549-1561, December.
- Eduardo Cavallo & Sebastian Galiani & Ilan Noy & Juan Pantano, 2010. "Catastrophic Natural Disasters and Economic Growth," Working Papers 201006, University of Hawaii at Manoa, Department of Economics.
- Eduardo Cavallo & Sebastian Galiani & Ilan Noy & Juan Pantano, 2010. "Catastrophic Natural Disasters and Economic Growth," Research Department Publications 4671, Inter-American Development Bank, Research Department.
- Cavallo, Eduardo A. & Noy, Ilan & Pantano, Juan & Galiani, Sebastián, 2010. "Catastrophic Natural Disasters and Economic Growth," IDB Publications (Working Papers) 1903, Inter-American Development Bank.
- Jesús Crespo Cuaresma & Jaroslava Hlouskova & Michael Obersteiner, 2008. "Natural Disasters As Creative Destruction? Evidence From Developing Countries," Economic Inquiry, Western Economic Association International, vol. 46(2), pages 214-226, April.
- Hochrainer, Stefan, 2009. "Assessing the macroeconomic impacts of natural disasters : are there any ?," Policy Research Working Paper Series 4968, The World Bank.
- J. David Cummins & Olivier Mahul, 2009. "Catastrophe Risk Financing in Developing Countries : Principles for Public Intervention," World Bank Publications - Books, The World Bank Group, number 6289.
- Xavier Gabaix, 2012.
"Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(2), pages 645-700.
- Xavier Gabaix, 2008. "Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance," NBER Working Papers 13724, National Bureau of Economic Research, Inc.
- Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2012. "Temperature Shocks and Economic Growth: Evidence from the Last Half Century," American Economic Journal: Macroeconomics, American Economic Association, vol. 4(3), pages 66-95, July.
- Nelson, Charles R. & Plosser, Charles I., 1982. "Trends and random walks in macroeconmic time series : Some evidence and implications," Journal of Monetary Economics, Elsevier, vol. 10(2), pages 139-162.
- Suresh De Mel & David McKenzie & Christopher Woodruff, 2012.
"Enterprise Recovery Following Natural Disasters,"
Economic Journal, Royal Economic Society, vol. 122(559), pages 64-91, March.
- de Mel, Suresh & McKenzie, David & Woodruff, Christopher, 2010. "Enterprise recovery following natural disasters," Policy Research Working Paper Series 5269, The World Bank.
- Eduardo Cavallo & Sebastian Galiani & Ilan Noy & Juan Pantano, 2013.
"Catastrophic Natural Disasters and Economic Growth,"
The Review of Economics and Statistics,
MIT Press, vol. 95(5), pages 1549-1561, December.
- Eduardo Cavallo & Sebastian Galiani & Ilan Noy & Juan Pantano, 2010. "Catastrophic Natural Disasters and Economic Growth," Working Papers 201006, University of Hawaii at Manoa, Department of Economics.
- Eduardo A. Cavallo & Ilan Noy & Juan Pantano & Sebastián Galiani, 2010. "Catastrophic Natural Disasters and Economic Growth," IDB Publications (Working Papers) 6818, Inter-American Development Bank.
- Eduardo Cavallo & Sebastian Galiani & Ilan Noy & Juan Pantano, 2010. "Catastrophic Natural Disasters and Economic Growth," Research Department Publications 4671, Inter-American Development Bank, Research Department.
- Robert J. Barro, 2009. "Rare Disasters, Asset Prices, and Welfare Costs," American Economic Review, American Economic Association, vol. 99(1), pages 243-264, March.
- Robert J. Barro, 2007. "Rare Disasters, Asset Prices, and Welfare Costs," NBER Working Papers 13690, National Bureau of Economic Research, Inc.
- Kunreuther, Howard C. & Michel-Kerjan, Erwann O., 2011. "At War with the Weather: Managing Large-Scale Risks in a New Era of Catastrophes," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262516543, December.
- Howard C. Kunreuther & Erwann O. Michel-Kerjan, 2009. "At War with the Weather: Managing Large-Scale Risks in a New Era of Catastrophes," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262012820, December.
- Francois Gourio, 2008. "Disasters and Recoveries," American Economic Review, American Economic Association, vol. 98(2), pages 68-73, May.
- Mr. Tobias N. Rasmussen, 2004. "Macroeconomic Implications of Natural Disasters in the Caribbean," IMF Working Papers 2004/224, International Monetary Fund. Full references (including those not matched with items on IDEAS)
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- von Peter, Goetz & von Dahlen, Sebastian & Saxena, Sweta, 2024.
"Unmitigated disasters? Risk sharing and macroeconomic recovery in a large international panel,"
Journal of International Economics, Elsevier, vol. 149(C).
- Goetz von Peter & Sebastian von Dahlen & Sweta Saxena, 2023. "Unmitigated Disasters? Risk Sharing and Macroeconomic Recovery in a Large International Panel," NBER Chapters, in: NBER International Seminar on Macroeconomics 2023, National Bureau of Economic Research, Inc.
- Goetz von Peter & Sebastian von Dahlen & Sweta C Saxena, 2024. "Unmitigated disasters? Risk-sharing and macroeconomic recovery in a large international panel," BIS Working Papers 1175, Bank for International Settlements.
- Eduardo Cavallo & Ilan Noy, 2009.
"The Economics of Natural Disasters - A Survey,"
Working Papers
200919, University of Hawaii at Manoa, Department of Economics.
- Cavallo, Eduardo A. & Noy, Ilan, 2009. "The Economics of Natural Disasters: A Survey," IDB Publications (Working Papers) 1664, Inter-American Development Bank.
- Eduardo Cavallo & Ilan Noy, 2009. "The Economics of Natural Disasters: A Survey," Research Department Publications 4649, Inter-American Development Bank, Research Department.
- Kousky, Carolyn, 2012. "Informing Climate Adaptation: A Review of the Economic Costs of Natural Disasters, Their Determinants, and Risk Reduction Options," RFF Working Paper Series dp-12-28, Resources for the Future.
- Dieppe,Alistair Matthew & Kilic Celik,Sinem & Okou,Cedric Iltis Finafa, 2020. "Implications of Major Adverse Events on Productivity," Policy Research Working Paper Series 9411, The World Bank.
- Matthew A. COLE & Robert J R ELLIOTT & OKUBO Toshihiro & Eric STROBL, 2013. "Natural Disasters and Plant Survival: The impact of the Kobe earthquake," Discussion papers 13063, Research Institute of Economy, Trade and Industry (RIETI).
- Matthew A. COLE & Robert J R ELLIOTT & OKUBO Toshihiro & Eric STROBL, 2015. "Natural Disasters, Industrial Clusters and Manufacturing Plant Survival," Discussion papers 15008, Research Institute of Economy, Trade and Industry (RIETI).
- Ruohan Wu, 2023. "Natural disasters, climate change, and structural transformation: A new perspective from international trade," The World Economy, Wiley Blackwell, vol. 46(5), pages 1333-1377, May.
- I. Koetsier, 2017. "The fiscal impact of natural disasters," Working Papers 17-17, Utrecht School of Economics.
- Borensztein, Eduardo & Cavallo, Eduardo & Jeanne, Olivier, 2017.
"The welfare gains from macro-insurance against natural disasters,"
Journal of Development Economics, Elsevier, vol. 124(C), pages 142-156.
- Jeanne, Olivier & Borensztein, Eduardo & Cavallo, Eduardo, 2015. "The Welfare Gains from Macro-Insurance Against Natural Disasters," CEPR Discussion Papers 10915, C.E.P.R. Discussion Papers.
- Eduardo Borensztein & Eduardo Cavallo & Olivier Jeanne, 2015. "The Welfare Gains from Macro-Insurance Against Natural Disasters," NBER Working Papers 21674, National Bureau of Economic Research, Inc.
- Kousky, Carolyn, 2014. "Informing climate adaptation: A review of the economic costs of natural disasters," Energy Economics, Elsevier, vol. 46(C), pages 576-592.
- Loayza, Norman V. & Olaberría, Eduardo & Rigolini, Jamele & Christiaensen, Luc, 2012.
"Natural Disasters and Growth: Going Beyond the Averages,"
World Development, Elsevier, vol. 40(7), pages 1317-1336.
- Loayza, Norman & Olaberria, Eduardo & Rigolini, Jamele & Christiaensen, Luc, 2009. "Natural disasters and growth - going beyond the averages," Policy Research Working Paper Series 4980, The World Bank.
- Quy Ta & Yothin Jinjarak & Ilan Noy, 2022.
"“How Do Shocks Affect International Reserves? A Quasi-Experiment of Earthquakes”,"
Open Economies Review, Springer, vol. 33(5), pages 945-971, November.
- Yothin Jinjarak & Ilan Noy & Quy Ta, 2020. "How Shocks Affect International Reserves? A Quasi-Experiment of Earthquakes," CESifo Working Paper Series 8632, CESifo.
- Matteo Coronese & Davide Luzzati, 2022. "Economic impacts of natural hazards and complexity science: a critical review," LEM Papers Series 2022/13, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Rohan Best & Paul J. Burke, 2019.
"Macroeconomic impacts of the 2010 earthquake in Haiti,"
Empirical Economics, Springer, vol. 56(5), pages 1647-1681, May.
- Rohan Best & Paul J Burke, 2017. "Macroeconomic impacts of the 2010 earthquake in Haiti," Departmental Working Papers 2017-15, The Australian National University, Arndt-Corden Department of Economics.
- Felbermayr, Gabriel & Gröschl, Jasmin, 2014.
"Naturally negative: The growth effects of natural disasters,"
Journal of Development Economics, Elsevier, vol. 111(C), pages 92-106.
- Gabriel Felbermayr & Jasmin Katrin Gröschl & Gabriel J. Felbermayr, 2013. "Naturally Negative: The Growth Effects of Natural Disasters," CESifo Working Paper Series 4439, CESifo.
- F. Coelli & P. Manasse, 2014. "The impact of floods on firms' performance," Working Papers wp946, Dipartimento Scienze Economiche, Universita' di Bologna.
- Peter Simonsen, 2012. "Earthquakes and Economic Growth," Development Research Working Paper Series 01/2012, Institute for Advanced Development Studies.
- Lazzaroni, Sara & van Bergeijk, Peter A.G., 2014.
"Natural disasters' impact, factors of resilience and development: A meta-analysis of the macroeconomic literature,"
Ecological Economics, Elsevier, vol. 107(C), pages 333-346.
- Lazzaroni, S. & van Bergeijk, P.A.G., 2013. "Natural disasters impact, factors of resilience and development: A meta-analysis of the macroeconomic literature," ISS Working Papers - General Series 554, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
- Matthew A. Cole & Robert J R Elliott & Toshihiro Okubo & Eric Strobl, 2014. "Natural Disasters and the Birth, Life and Death of Plants: The Case of the Kobe Earthquake," Working Papers 2014-114, Department of Research, Ipag Business School.
- Peter A. G. van Bergeijk & Sara Lazzaroni, 2015. "Macroeconomics of Natural Disasters: Strengths and Weaknesses of Meta‐Analysis Versus Review of Literature," Risk Analysis, John Wiley & Sons, vol. 35(6), pages 1050-1072, June.
More about this item
Keywords
natural catastrophes; disasters; economic growth; insurance; risk transfer; reinsurance; recovery; development;
All these keywords.NEP fields
This paper has been announced in the following NEP Reports:- NEP-IAS-2012-12-22 (Insurance Economics)
- NEP-RMG-2012-12-22 (Risk Management)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bis:biswps:394. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Martin Fessler (email available below). General contact details of provider: https://edirc.repec.org/data/bisssch.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.