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19 août 2023
- handle: 10670/1.4bwdf7
- hal: hal-04183375
- ARXIV: 2308.11226
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info:eu-repo/semantics/altIdentifier/arxiv/2308.11226
info:eu-repo/semantics/OpenAccess
Mots-clés
Natural disasters Cyclones Growth Economic impacts Environmental issues O - Economic Development, Innovation, Technological Change, and Growth/O.O4 - Economic Growth and Aggregate Productivity/O.O4.O44 - Environment and Growth Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q54 - Climate • Natural Disasters and Their Management • Global Warming R - Urban, Rural, Regional, Real Estate, and Transportation Economics/R.R1 - General Regional Economics/R.R1.R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and ChangesSujets proches
Tropical cyclones Tropics--Cyclones Economic growth Growth, Economic Development, EconomicCiter ce document
Eric Kulanthaivelu, « The growth effects of tropical cyclones in the U.S.: new evidence from state to county level », HAL-SHS : économie et finance, ID : 10670/1.4bwdf7
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Résumé
Tropical cyclones have always been a concern for public authorities in the U.S., with a season lasting nearly half of the year. Using longitudinal data on economic growth and exposure to tropical cyclones, we provide new comprehensive analyses of these disasters' growth impact in U.S. states and counties. While we find that results remain insignificant with country-wide samples, this study shows that the effects can be, instead, significant at regional level. In fact, a specific analysis of Florida State stresses significant short-term negative effects, both at county and state levels. At this stage, this study calls for an in-depth investigation of the underlying mechanisms leading to such growth depletion but already pins down the important heterogeneity in the effects of a catastrophe on growth patterns within a country.