The Macroeconomic Impacts of Natural Disasters: New Evidence from Floods

Juncal Cuñado (jcunado@unav.es) and Susana Ferreira

No 103721, 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania from Agricultural and Applied Economics Association

Abstract: We analyze the economic impacts of floods using new data on 3,184 large flood events in 118 countries between 1985 and 2008. We use panel vector auto-regressions to trace the dynamic response of output to three types of flood shocks. Our results robustly indicate that flood shocks tend to have a positive average impact on GDP growth, that this impact is limited to developing countries, that the effect is not confined to the agricultural sector, and that it is stronger when it is accompanied by an increase in gross fixed capital formation.

Keywords: Environmental Economics and Policy; International Development; Public Economics (search for similar items in EconPapers)
Pages: 25
Date: 2011-05-03
New Economics Papers: this item is included in nep-env and nep-mac
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea11:103721

DOI: 10.22004/ag.econ.103721

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