Abstract
Abstract
Previous studies show that natural disasters decelerate economic growth, and more so in countries with lower financial development. We confirm these results with more recent data. We are the first to show that fiscal stability reduces the negative economic impact of natural disasters in poorer countries, and that catastrophe bonds have the same effect in richer countries.
JEL Classification E17, E62, G00, G20, H30, Q54
Publisher
Research Square Platform LLC
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