The process of global climate change has been associated with an increase in the frequency of climatic disasters. Yet, there is still little systematic evidence on the macroeconomic costs of these episodes. This paper uses panel time-series techniques to estimate the short and long-run impact of climatic and other disasters on a country's GDP. The results indicate that a climate related disaster reduces real GDP per capita by at least 0.6 percent...
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INFORMACIÓN
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2009/09/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS5039
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1
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1
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2010/07/01
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Disclosed
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The wrath of God : macroeconomic costs of natural disasters
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climatic disasters