Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27326
Authors: 
Schmidt, Silvio
Kemfert, Claudia
Höppe, Peter
Year of Publication: 
2008
Series/Report no.: 
Discussion papers // German Institute for Economic Research 802
Abstract: 
Economic losses caused by tropical cyclones have increased dramatically. It can be assumed that most losses are due to increased prosperity and a greater tendency for people to settle in exposed areas, but also that the growing incidence of severe cyclones is due to climate change. This paper aims to isolate the socio-economic effects and ascertain the potential impact of climate change on this trend. Storm losses for the period 1950-2005 have been adjusted to 2005 socio-economic values so that any remaining trend cannot be ascribed to socio-economic developments. In the period 1971-2005, losses excluding socio-economic effects show an annual increase of 4% per annum.
Subjects: 
Climate change
tropical cyclones
loss trends
JEL: 
Q54
Q50
Q51
Document Type: 
Working Paper

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