The macroeconomic impacts of natural disasters: The case of floods

dc.contributor.author	Cunado, J	en
dc.contributor.author	Ferreira, S	en
dc.date.accessioned	2014-06-06T06:53:08Z
dc.date.available	2014-06-06T06:53:08Z
dc.date.issued	2014	en
dc.identifier.issn	00237639	en
dc.identifier.uri	http://62.217.125.90/xmlui/handle/123456789/6391
dc.relation.uri	http://www.scopus.com/inward/record.url?eid=2-s2.0-84891792892&partnerID=40&md5=f23c2131023da055839dfeb326a9b2b0	en
dc.subject.other	agricultural production	en
dc.subject.other	developing world	en
dc.subject.other	flood	en
dc.subject.other	Gross Domestic Product	en
dc.subject.other	growth rate	en
dc.subject.other	macroeconomics	en
dc.subject.other	natural disaster	en
dc.title	The macroeconomic impacts of natural disasters: The case of floods	en
heal.type	journalArticle	en
heal.publicationDate	2014	en
heal.abstract	We use panel vector autoregression models to trace the dynamic response of output growth to flood shocks, using new data on large flood events in 135 countries between 1985 and 2008. Flood shocks tend to have a positive and significant average impact on per capita GDP growth. However, this effect is limited to developing countries and to moderate floods. The positive impact of floods is larger and more significant in the agricultural sector; while floods seem to have a direct effect on agricultural growth rates in developing countries, their effect on nonagricultural growth rates is mainly indirect. (JEL: O11, Q54). © 2014 by the Board of Regents of the University of Wisconsin System.	en
heal.journalName	Land Economics	en
dc.identifier.issue	1	en
dc.identifier.volume	90	en
dc.identifier.spage	149	en
dc.identifier.epage	168	en