Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/179270
Authors: 
Kunze, Sven
Year of Publication: 
2017
Series/Report no.: 
Discussion Paper Series 641
Abstract: 
This paper unravels the contemporaneous, lagged, and indirect effects of tropical cyclones on annual sectoral growth worldwide. The main explanatory variable is an area-weighted measure for local tropical cyclone intensity based on meteorological data, which is included in a panel analysis for a maximum of 213 countries over the 1971-2015 period. I find that the significantly negative influence of tropical cyclones on aggregate GDP growth can be attributed to contemporaneous negative effects on three sector aggregates including agriculture, infrastructure, as well as trade and tourism. In subsequent years, tropical cyclones negatively affect nearly all sectors. However, the Input-Output analysis shows that production processes are sticky and indirect economic costs of tropical cyclones are low.
Subjects: 
Tropical Cyclones
Sectoral Economic Growth
Environment and Growth
Natural Disasters
Input-Output Analysis
JEL: 
E23
O11
O17
O44
Q51
Q54
Q56
Persistent Identifier of the first edition: 
Document Type: 
Working Paper
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