Article ID Journal Published Year Pages File Type
5058165 Economics Letters 2016 5 Pages PDF
Abstract

•New empirical evidence about the economic effects of natural disasters.•The effect of natural disasters is mitigated by access to insurance.•Insurance penetration and good institutions are complements in mitigating disaster effects.•Differences in effects across different types of disasters.

Using newly available data, this note provides new evidence suggesting that private insurance penetration mitigates the negative economic effects of natural disasters. The results document heterogeneous effects across differentially institutionalized countries and across different disaster types.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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