登入選單
返回Google圖書搜尋
Natural Disasters and Scarring Effects
Weicheng LianJose Ramon MoranRaadhika Vishvesh
出版International Monetary Fund, 2022-12-16
主題Business & Economics / Economics / MacroeconomicsBusiness & Economics / Public FinanceBusiness & Economics / Economics / GeneralBusiness & Economics / Industries / Hospitality, Travel & TourismBusiness & Economics / Environmental EconomicsNature / Natural DisastersSocial Science / Demography
ISBN9798400227172
URLhttp://books.google.com.hk/books?id=OdOlEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋This paper uses a novel empirical approach, following the literature on hysteresis, to explore medium-term scarring of natural disasters for countries vulnerable to climate change. By quantifying the dynamic effects of natural disasters on real GDP per capita for a large number of episodes using a synthetic control approach (SCA) and focusing on severe shocks, we demonstrate that a persistently large deviation of real GDP per capita from the counterfacutal trend exists five years after a severe shock in many countries. The findings highlight the importance and urgency of building ex-ante resilience to avoid scarring effects for countries prone to natural disasters, such as those in the Caribbean region.