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

Sara Lazzaroni and Peter Bergeijk

No 554, ISS Working Papers - General Series from International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague

Abstract: We systematize recent macroeconomic empirical literature on the direct and indirect impact of natural disasters providing a meta-analysis of 20 studies published during 2002-2013. We show that the disagreement between these studies is caused by the empirical design, the estimation technique and the resilience factors included in the analyses. The meta-regression suggests that studies that analyse indirect costs have a 88% higher probability to find a positive significant disaster impact than studies of direct costs. If the impact of the disaster is modelled through a disaster indicator, the likelihood of finding a negative and significant disaster impact increases by 64%.

Keywords: growth; meta-analysis; natural disasters; resilience (search for similar items in EconPapers)
Date: 2013-03-29
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Citations: View citations in EconPapers (16)

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Journal Article: Natural disasters' impact, factors of resilience and development: A meta-analysis of the macroeconomic literature (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ems:euriss:39446

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