The Economics of Natural Disasters - A Survey

No 200919, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: Catastrophes caused by natural disasters are by no means new, yet our evolving understanding regarding their relevance to economic development and growth is still at its infancy. In order to facilitate further necessary research on this topic, we summarize the state of the economic literature that examines the aggregate impact of disasters. We review the main disaster data sources available, discuss the determinants of the direct effects of disasters, and distinguish between the short- and long-run indirect effects. After reviewing these literatures, we examine some of the relevant policy questions, and follow up with projections about the future likelihood of disasters, while paying particular attention to the projected climate change. We end by identifying several significant gaps in this literature.

Keywords: natural disasters; climate change; growth (search for similar items in EconPapers)
JEL-codes: O11 O40 Q54 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2009-11
New Economics Papers: this item is included in nep-dev and nep-ene
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Citations: View citations in EconPapers (106)

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http://www.economics.hawaii.edu/research/workingpapers/WP_09-19.pdf First version, 2009 (application/pdf)

Related works:
Working Paper: The Economics of Natural Disasters: A Survey (2009)
Working Paper: The Economics of Natural Disasters: A Survey (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:hai:wpaper:200919

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