Documento de trabajo
Economic growth, natural disasters and climate change: New empirical estimates
Fecha
2016Registro en:
Series Documentos de Trabajo No. 434, pp. 1 - 38, Noviembre, 2016
Autor
López Vega, Ramón
Thomas, Vinod
Troncoso, Pablo A.
Institución
Resumen
This paper analyzes the association between climate change variables and
the incidence of intense hydro meteorological disasters within a framework
that include global and local climate variables as well as socio-economic
factors that aggravate disasters. We have shown that atmospheric carbon
dioxide accumulation significantly increases hydro meteorological disasters
and that the losses of human capital caused by such disasters induce
significant negative effects on the rate of economic growth. A distinctive
feature of this research is that the statistical-econometric analysis used
considers all reported significant climate-related disasters during the
period 1970-2013 in 184 countries, instead of focusing merely on selected
disasters, periods or countries as most previous research has done.