TY  - JOUR
PY  - 2014//
TI  - The macroeconomic impacts of natural disasters: the case of floods
JO  - Land economics
A1  - Cunado, Juncal
A1  - Ferreira, Susana
SP  - 149
EP  - 168
VL  - 90
IS  - 1
N2  - 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)<p />  <p>Language: en</p>
LA  - en
SN  - 0023-7639
UR  - http://dx.doi.org/10.1353/lde.2014.0010
ID  - ref1
ER  -