Natural Disasters and the Economy — A Survey

Eduardo Cavallo and Ilan Noy

International Review of Environmental and Resource Economics, 2011, vol. 5, issue 1, 63-102

Abstract: This paper surveys the state of the economic literature examining the aggregate impacts of natural disasters. The paper reviews the main disaster data sources available, discusses the determinants of the direct effects of disasters, and distinguishes between short- and long-run indirect effects. The paper then examines some of the relevant policy questions and follows up with a survey of current projections about the likelihood of future disasters. The paper ends by identifying several significant gaps in the literature.

Keywords: Natural disasters; Climate change; Growth; Economic impact (search for similar items in EconPapers)
JEL-codes: O11 O40 Q54 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (115)

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Persistent link: https://EconPapers.repec.org/RePEc:now:jirere:101.00000039

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