Unraveling the effects of tropical cyclones on economic sectors worldwide
Schlagwörter: Tropical cyclones; sectoral economic growth; environment and growth; natural disasters; input-output analysis
Gespeichert in:
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| Dokumenttyp: | Book/Monograph Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
Heidelberg
Universitätsbibliothek Heidelberg, Department of Economics
November 2017
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| Schriftenreihe: | Discussion paper series / University of Heidelberg, Department of Economics
no. 641 |
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Discussion paper series (no. 641)
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| DOI: | 10.11588/heidok.00023757 |
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| Online-Zugang: | Resolving-System, kostenfrei, Volltext: http://dx.doi.org/10.11588/heidok.00023757 Resolving-System, kostenfrei, Volltext: http://nbn-resolving.de/urn:nbn:de:bsz:16-heidok-237578 Verlag, kostenfrei, Volltext: http://www.uni-heidelberg.de/md/awi/forschung/dp641.pdf Resolving-System, kostenfrei, Volltext: http://hdl.handle.net/10419/179270 
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| Verfasserangaben: | Sven Kunze |
| Zusammenfassung: | Schlagwörter: Tropical cyclones; sectoral economic growth; environment and growth; natural disasters; input-output analysis This paper unravels the contemporaneous, lagged, and indirect effects of tropical cyclones on annual sectoral growth worldwide. The main explanatory variable is an area-weighted measure for local tropical cyclone intensity based on meteoro-logical data, which is included in a panel analysis for a maximum of 213 countries over the 1971-2015 period. I find that the significantly negative influence of tropi-cal cyclones on aggregate GDP growth can be attributed to contemporaneous neg-ative effects on three sector aggregates including agriculture, infrastructure, as well as trade and tourism. In subsequent years, tropical cyclones negatively affect nearly all sectors. However, the Input-Output analysis shows that production pro-cesses are sticky and indirect economic costs of tropical cyclones are low. |
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| Beschreibung: | Online Resource |
| DOI: | 10.11588/heidok.00023757 |