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Natural disasters' impact, factors of resilience and development: A meta-analysis of the macroeconomic literature

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  • Lazzaroni, Sara
  • van Bergeijk, Peter A.G.

Abstract

We systematize 64 primary studies published in 2000–2013 on the macroeconomic impact of natural disasters by providing OLS and generalized ordered probit meta-analyses for 1858 and 1991 regressions, respectively. We investigate how the reported results in the primary studies are influenced by the empirical design, the estimation technique, and/or publication bias. We analyze primary studies on disaster direct costs and indirect costs separately. According to our meta-analysis, disasters on average have a negative impact in terms of direct costs and an insignificant impact in terms of indirect costs.

Suggested Citation

  • Lazzaroni, Sara & van Bergeijk, Peter A.G., 2014. "Natural disasters' impact, factors of resilience and development: A meta-analysis of the macroeconomic literature," Ecological Economics, Elsevier, vol. 107(C), pages 333-346.
  • Handle: RePEc:eee:ecolec:v:107:y:2014:i:c:p:333-346
    DOI: 10.1016/j.ecolecon.2014.08.015
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