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Unraveling the effects of tropical cyclones on economic sectors worldwide

Schlagwörter: Tropical cyclones; sectoral economic growth; environment and growth; natural disasters; input-output analysis

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Bibliographic Details
Main Author: Kunze, Sven (Author)
Format: Book/Monograph Working Paper
Language:English
Published: Heidelberg Universitätsbibliothek Heidelberg, Department of Economics November 2017
Series:Discussion paper series / University of Heidelberg, Department of Economics no. 641
In: Discussion paper series (no. 641)

DOI:10.11588/heidok.00023757
Subjects:
Graue Literatur
Online Access: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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Author Notes:Sven Kunze

MARC

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520 |a Schlagwörter: Tropical cyclones; sectoral economic growth; environment and growth; natural disasters; input-output analysis 
520 |a 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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