The economics of natural disaster is an understudied field that deserves further research as global warming increases the incidence of extreme weather.
We begin this study with some reading recommendations from Cavallo and Noy (2010):
Albala-Bertrand J M. 1993. Political economy of large natural disasters. Oxford, United Kingdom: Clarendon Press.
Anbarci, N., M. Escaleras, and C. A. Register. 2005. “Earthquake Fatalities: The Interaction of Nature and Political Economy.” Journal of Public Economics 89: 1907–1933.
Barro, R. 2006. “Rare Disasters and Asset Markets in the Twentieth Century.” Quarterly Journal of Economics 121: 823-866.
Barro, R. 2009. “Rare Disasters, Asset Prices, and Welfare Costs.” American Economic Review 99(1): 243–264.
Benson, C. and E. J. Clay. 2004. “Understanding the Economic and Financial Impacts of Natural Disasters.” Disaster Risk Management Series No. 4. Washington DC, United States: World Bank.
Cavallo, Eduardo and Ilan Noy. 2010. The Economics of Natural Disasters. IDB Working Paper 124.
Freeman, P.K., M. Keen and M. Mani. 2003. “Dealing with Increased Risk of Natural Disasters: Challenges and Options.” IMF Working Paper 03/197. Washington, D.C., United States: International Monetary Fund.
Hallegatte, S., 2008: An adaptive regional input-output model and its application to the assessment of the economic cost of Katrina, Risk Analysis 28(3).
Hallegatte, S., 2009, A Roadmap to Assess the Economic Cost of Climate Change with an Application to Hurricanes in the United States, in “Climate Change and Hurricane”, Elsner and Jagger (Eds.), Springer.
Heger, M., A. Julca, and O. Paddison. 2008. “Analysing the Impact of Natural Hazards in Small Economies: The Caribbean Case.” UNU/WIDER Research Paper2008/25.
Horwich G. 2000. “Economic Lessons of the Kobe Earthquake. Economic Development and Cultural Change 48(3): 521-542.
Jaramillo, C. R. H. 2009. Do Natural Disasters Have Long-Term Effects On Growth? Manuscript. Bogotá, Colombia: Universidad de los Andes.
Kahn M E. 2005. “The Death Toll from Natural Disasters: The Role of Income, Geography, and Institutions. Review of Economics and Statistics 87(2): 271–284.
Keen, B. and M. Pakko. 2007. “Monetary Policy and Natural Disasters in a DSGE Model: How Should the Fed Have Responded to Hurricane Katrina?” St. Louis Fed: Economics Working Paper 2007-25.
Neumayer, E. and T. Plümper T. 2007. “The Gendered Nature of Natural Disasters: the Impact of Catastrophic Events on the Gender Gap in Life Expectancy, 1981–2002.” Annals of the Association of American Geographers 97(3): 551–566.
Noy, I. 2009. “The Macroeconomic Consequences of Disasters.” Journal of Development Economics 88(2): 221-231.
Pindyck, R. S. and N. Wang. 2009. “The Economic and Policy Consequences of Catastrophes.” National Bureau of Economic Research Working Paper No. 15373.
Rasmussen, T. N. 2004. “Macroeconomic Implications of Natural Disasters in the Caribbean.” IMF Working Paper WP/04/224.
Skidmore, M. and H. Toya. 2002. Do Natural Disasters Promote Long-run Growth? Economic Inquiry 40(4): 664-687.
Skoufias, E. 2003. Economic Crises and Natural Disasters: Coping Strategies and Policy Implications. World Development 31(7), 1087–1102.
Stern, Nicholas. 2007. The Economics of Climate Change: The Stern Review. UK Government Economic Service.
Yang, D. 2008. “Coping With Disaster: The Impact of Hurricanes on International Financial Flows.” B.E. Journal of Economic Analysis and Policy 8(1):13.
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