Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/287348 
Authors: 
Year of Publication: 
2021
Citation: 
[Journal:] Environmental and Resource Economics [ISSN:] 1573-1502 [Volume:] 78 [Issue:] 4 [Publisher:] Springer Netherlands [Place:] Dordrecht [Year:] 2021 [Pages:] 545-569
Publisher: 
Springer Netherlands, Dordrecht
Abstract: 
This paper examines the current, lagged, and indirect effects of tropical cyclones on annual sectoral growth worldwide. The main explanatory variable is a new damage measure for local tropical cyclone intensity based on meteorological data weighted for individual sectoral exposure, which is included in a panel analysis for a maximum of 205 countries over the 1970–2015 period. I find a significantly negative influence of tropical cyclones on two sector aggregates including agriculture, as well as trade and tourism. In subsequent years, tropical cyclones negatively affect the majority of all sectors. However, the Input–Output analysis shows that production processes are sticky and indirect economic effects are limited.
Subjects: 
Natural disasters
Climate impact analysis
Sectoral GDP growth
Tropical cyclones
Input–output analysis
JEL: 
Q54
Q56
O44
O11
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article
Document Version: 
Published Version

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