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Economic growth, natural disasters and climate change: New empirical estimates

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  • Ramon Lopez
  • Vinod Thomas
  • Pablo Troncoso

Abstract

This paper analyzes the association between climate change variables and the incidence of intense hydro meteorological disasters within a framework that include global and local climate variables as well as socio-economic factors that aggravate disasters. We have shown that atmospheric carbon dioxide accumulation significantly increases hydro meteorological disasters and that the losses of human capital caused by such disasters induce significant negative effects on the rate of economic growth. A distinctive feature of this research is that the statistical-econometric analysis used considers all reported significant climate-related disasters during the period 1970-2013 in 184 countries, instead of focusing merely on selected disasters, periods or countries as most previous research has done.

Suggested Citation

  • Ramon Lopez & Vinod Thomas & Pablo Troncoso, 2016. "Economic growth, natural disasters and climate change: New empirical estimates," Working Papers wp434, University of Chile, Department of Economics.
    • Handle: RePEc:udc:wpaper:wp434
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    References listed on IDEAS

    as
    1. Ramón E. López & Vinod Thomas & Pablo Troncoso, 2015. "Climate Change and Natural Disasters," Working Papers wp414, University of Chile, Department of Economics.
    2. Ramón López & Amparo Palacios, 2014. "Why has Europe Become Environmentally Cleaner? Decomposing the Roles of Fiscal, Trade and Environmental Policies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(1), pages 91-108, May.
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    Cited by:

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    2. Vikrant Panwar & Subir Sen, 2019. "Economic Impact of Natural Disasters: An Empirical Re-examination," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 13(1), pages 109-139, February.

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