IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

A Replication of “Economic Development and the Impacts of Natural Disasters†(Economics Letters 2007)

Listed author(s):
  • Robert Mercer

    (IAG, Auckland, New Zealand)

  • W. Robert Reed

    ()

    (Department of Economics and Finance, University of Canterbury, Christchurch, New Zealand)

This study replicates the empirical findings of Toya and Skidmore (2007), henceforth TS, and performs a variety of robustness checks. Using an extensive data set of international disasters, TS report that a number of economic development variables are significantly related to mitigation of adverse disaster consequences. We are able to exactly replicate their findings. Our robustness checks consist of two parts. First, we update TS’s original data set, with respect to both variable values and years of coverage. We then address a number of estimation and specification issues. With one exception, our robustness checks fail to find strong evidence that economic development variables (income, educational attainment, size of government, economic openness, and financial sector development) are statistically related to either fatalities or economic damages. The exception is that we find that higher national income is associated with reduced economic losses (as a share of gross domestic product) from natural disasters.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://pfr.sagepub.com/content/43/2/155.abstract
Download Restriction: no

Article provided by in its journal Public Finance Review.

Volume (Year): 43 (2015)
Issue (Month): 2 (March)
Pages: 155-178

as
in new window

Handle: RePEc:sae:pubfin:v:43:y:2015:i:2:p:155-178
Contact details of provider:

No references listed on IDEAS
You can help add them by filling out this form.

When requesting a correction, please mention this item's handle: RePEc:sae:pubfin:v:43:y:2015:i:2:p:155-178. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.