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The Economics of Natural Disasters

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Author Info

  • Derek Kellenberg

    ()
    (Department of Economics, University of Montana, Missoula, Montana 59812)

  • A. Mushfiq Mobarak

    ()
    (School of Management, Yale University, New Haven, Connecticut 06520)

Abstract

This review discusses the ways in which countries are affected by natural disasters, depending on their socioeconomic characteristics, their level of development, and their inherent levels of natural disaster risk. We also explore various aspects of ex ante disaster mitigation such as improvements in natural disaster risk information and natural disaster insurance markets, as well as ex post responses to natural disaster in the form of postdisaster aid and long-run growth prospects. By highlighting some of the recent findings in this literature, we synthesize what we know about the economics of natural disasters and identify research areas of interest for future work.

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File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-073009-104211
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Bibliographic Info

Article provided by Annual Reviews in its journal Annual Review of Resource Economics.

Volume (Year): 3 (2011)
Issue (Month): 1 (October)
Pages: 297-312

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Handle: RePEc:anr:reseco:v:3:y:2011:p:297-312

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Related research

Keywords: disaster insurance; hurricanes; earthquakes; floods; landslides; forest fires;

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Cited by:
  1. Vu, Tam Bang & Noy, Ilan, 2013. "Regional Effects of Natural Disasters in China," Working Paper Series 2812, Victoria University of Wellington, School of Economics and Finance.

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