Natural Disasters and Macroeconomic Performance
نویسندگان
چکیده
منابع مشابه
www.econstor.eu Natural Disasters and Macroeconomic Performance: The Role of Residential Investment
Recent empirical research has shown that income per capita in the aftermath of natural disasters is not necessarily lower than before the event. In many cases, income is not significantly affected and surprisingly, can even respond positively to natural disasters. Here, we propose a simple theory based on the neoclassical growth model that explains these observations. Specifically, we show that...
متن کاملNatural Disasters Impacting a Macroeconomic Model with Endogenous Dynamics
We investigate the macroeconomic response to natural disasters by using an endogenous business cycle (EnBC) model in which cyclical behavior arises from the investment–profit instability. Our model exhibits a larger response to natural disasters during expansions than during recessions. This apparently paradoxical result can be traced to the disasters amplifying pre-existing disequilibria durin...
متن کاملThe macroeconomic consequences of disasters
Article history: Natural disasters have a sta Received 17 February 2007 Received in revised form 15 February 2008 Accepted 15 February 2008
متن کاملThe macroeconomic consequences of disasters
Natural disasters have a statistically observable adverse impact on the macro-economy in the short-run. Not surprisingly, costlier events cause more pronounced slowdowns in production. Yet, interestingly, developing countries, and smaller economies, face much larger output declines following a disaster of similar relative magnitude than do developed countries or bigger economies. A close study ...
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ژورنال
عنوان ژورنال: Environmental and Resource Economics
سال: 2018
ISSN: 0924-6460,1573-1502
DOI: 10.1007/s10640-018-0239-7