Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/305455 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
IDB Working Paper Series No. IDB-WP-01616
Verlag: 
Inter-American Development Bank (IDB), Washington, DC
Zusammenfassung: 
Strengthened governance is crucial to reduce economic risks associated with disasters, but little is known about its impact. We combine a new dataset on disaster risk management governance for 26 countries from the Latin America and Caribbean region with annual information on economic losses resulting from disasters between 1980 and 2016. To account for endogenous disaster risk management (DRM) governance processes, we exploit the fact that changes in DRM regulatory frameworks affect a country's capacity for disaster risk identification and reduction to provide instrumental variable estimates of their impact. We find that disasters cause substantial economic losses and that a more robust governance for disaster risk resilience to economic losses reduces the expected economic toll caused by natures shocks. Our estimates suggest that the improvement of DRM governance in Latin America and the Caribbean mitigate the economic toll of disasters, especially in a context where climate change leads to the occurrence of more frequent and severe natural hazards across the region.
Schlagwörter: 
disaster risk resilience
governance
economic losses
Latin America and the Caribbean
JEL: 
O54
Q54
Q58
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Dokumentart: 
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