This paper seeks to determine the relationship between natural disasters and long run growth. Natural disasters affect several important macroeconomic variables, most notably technology, that can increase or decrease economic growth. Recovery following disasters is important, and the institutions of a country help determine how the recovery progresses. Institutions also help determine the outcomes of some events, such as inflation, that could affect long run growth. Countries can help maximize the positive effects of natural disasters on growth by improving their response to disasters and preparing for the next disaster.
Major Themes in Economics
©2006 by Major Themes in Economics
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"The Effects of Natural Disasters on Long Run Growth,"
Major Themes in Economics, 8, 61-82.
Available at: https://scholarworks.uni.edu/mtie/vol8/iss1/7