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dc.contributor.authorStrobl, Ericen_US
dc.date.accessioned2010-09-13T15:02:05Z-
dc.date.available2010-09-13T15:02:05Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/39955-
dc.description.abstractIn this paper we investigate the macroeconomic impact of natural disasters in developing countries by examining hurricane strikes in the Central American and Caribbean region. Our innovation in this regard is to employ a windfield model combined with a power dissipation equation on hurricane track data to arrive at a more scientifically based index of potential local destruction. This index allows us to identify potential damages at a detailed geographical level, compare hurricanes’ destructiveness, as well as identify the countries most affected, without having to rely on potentially questionable monetary loss estimates. Combining our destruction index with macroeconomic data we show that the average hurricane strike caused output to fall by up to 0.8 percentage points in the region, although this crucially depends on controlling for local economic characteristics of the country affected.en_US
dc.language.isoengen_US
dc.publisherVerein für Socialpolitik, Ausschuss für Entwicklungsländer Göttingenen_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Frankfurt a.M. 2009 35en_US
dc.subject.jelE0en_US
dc.subject.ddc330en_US
dc.subject.keywordeconomic growthen_US
dc.subject.keywordhurricanesen_US
dc.titleTHE MACROECONOMIC IMPACT OF NATURAL DISASTERS IN DEVELOPING COUNTRIES: EVIDENCE FROM HURRICANE STRIKES IN THE CENTRAL AMERICAN AND CARIBBEAN REGIONen_US
dc.typeConference Paperen_US
dc.identifier.ppn654190674-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:gdec09:35-
Appears in Collections:Proceedings of the German Development Economics Conference, 2009 (Frankfurt a.M.)

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