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Title:Tropical cyclone losses in the USA and the impact of climate change: a trend analysis based on a new dataset PDF Logo
Authors:Schmidt, Silvio
Kemfert, Claudia
Höppe, Peter
Issue Date: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
Appears in Collections:Publikationen von Forscherinnen und Forschern des DIW
DIW-Diskussionspapiere

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