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dc.contributor.authorStrobl, Ericen_US
dc.date.accessioned2008-09-22en_US
dc.date.accessioned2010-07-07T11:34:28Z-
dc.date.available2010-07-07T11:34:28Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-2008081101en_US
dc.identifier.urihttp://hdl.handle.net/10419/35174-
dc.description.abstractWe estimate the impact of hurricane strikes on local economic growth rates and how this is reflected in more aggregate growth patterns. To this end we assemble a panel data set of US coastal counties' growth rates and construct a hurricane destruction index that is based on a monetary loss equation, local wind speed estimates derived from a physical wind field model, and local exposure characteristics. Our econometric results suggest that in response to a hurricane strike a county's annual economic growth rate will initially fall by 0.8, but then partially recover by 0.2 percentage points. While the pattern is qualitatively similar at the state level, the net effect over the long term is negligible. Hurricane strikes do not appear to be economically important enough to be reflected in national economic growth rates.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3619en_US
dc.subject.jelE0en_US
dc.subject.ddc330en_US
dc.subject.keywordHurricanesen_US
dc.subject.keywordeconomic growthen_US
dc.subject.keywordUS coastal countiesen_US
dc.subject.stwSturmen_US
dc.subject.stwRegionales Wachstumen_US
dc.subject.stwRegionale Inzidenzen_US
dc.subject.stwK├╝stenregionen_US
dc.subject.stwUSAen_US
dc.titleThe economic growth impact of hurricanes: evidence from US coastal countiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn575205083en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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