Natural disasters' impact, factors of resilience and development: A meta-analysis of the macroeconomic literature

Sara Lazzaroni and Peter Bergeijk

Ecological Economics, 2014, vol. 107, issue C, 333-346

Abstract: We systematize 64 primary studies published in 2000–2013 on the macroeconomic impact of natural disasters by providing OLS and generalized ordered probit meta-analyses for 1858 and 1991 regressions, respectively. We investigate how the reported results in the primary studies are influenced by the empirical design, the estimation technique, and/or publication bias. We analyze primary studies on disaster direct costs and indirect costs separately. According to our meta-analysis, disasters on average have a negative impact in terms of direct costs and an insignificant impact in terms of indirect costs.

Keywords: Meta-analysis; Natural disaster; Development; Growth; Resilience; Direct costs; Indirect costs (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (73)

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Working Paper: Natural disasters impact, factors of resilience and development: A meta-analysis of the macroeconomic literature (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:107:y:2014:i:c:p:333-346

DOI: 10.1016/j.ecolecon.2014.08.015

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