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dc.contributor.authorStrobl, Ericen
dc.date.accessioned2008-09-22-
dc.date.accessioned2010-07-07T11:34:28Z-
dc.date.available2010-07-07T11:34:28Z-
dc.date.issued2008-
dc.identifier.piurn:nbn:de:101:1-2008081101en
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3619en
dc.subject.jelE0en
dc.subject.ddc330en
dc.subject.keywordHurricanesen
dc.subject.keywordeconomic growthen
dc.subject.keywordUS coastal countiesen
dc.subject.stwSturmen
dc.subject.stwRegionales Wachstumen
dc.subject.stwRegionale Inzidenzen
dc.subject.stwKüstenregionen
dc.subject.stwUSAen
dc.titleThe economic growth impact of hurricanes: evidence from US coastal counties-
dc.type|aWorking Paperen
dc.identifier.ppn575205083en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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