The Economics of Natural Disasters: A Survey

Eduardo Cavallo and Ilan Noy

No 1664, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: Natural disasters are by no means new, yet the evolving understanding of their relevance to economic development and growth is still in its infancy. This paper summarizes the state of the economic literature examining the aggregate impact of 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 projections about the likelihood of future disasters. The paper ends by identifying several significant gaps in the literature.

Keywords: IDB-WP-124 (search for similar items in EconPapers)
JEL-codes: O11 O40 Q54 (search for similar items in EconPapers)
Date: 2009-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (151)

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Related works:
Working Paper: The Economics of Natural Disasters - A Survey (2009)
Working Paper: The Economics of Natural Disasters: A Survey (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:1664

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