Natural disasters and entrepreneurship activity

Christopher Boudreaux, Monica P. Escaleras and Mark Skidmore

Economics Letters, 2019, vol. 182, issue C, 82-85

Abstract: We propose that natural disasters discourage economic development in the short-run by inhibiting entrepreneurship start-up activity, which is largely responsible for job creation and growth. Our findings indicate that natural disaster events decrease start-up activity in the short-run (i.e., 1–2 years) but have no effect beyond that term. Furthermore, this relationship is driven by climatic natural disasters in low and middle-income countries and geologic disasters in high-income countries.

Keywords: Natural disasters; Entrepreneurship; Economic development (search for similar items in EconPapers)
JEL-codes: L26 M13 O11 O44 Q54 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:182:y:2019:i:c:p:82-85

DOI: 10.1016/j.econlet.2019.06.010

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