Luray, Va Arrests, The Sewing Circle Slavery, Lake Havasu Floating Homes For Sale, Articles H

Furthermore, one can argue that only countries exposed to tropical cyclones are relevant for this analysis; therefore, Table 36 provides a regression of the main result for exposed countries only. Additionally, it is unexplained how the sectors are interconnected and if their structural dependence changes. My results indicate that this negative aggregate effect can be attributed to two sectoral aggregates, including agriculture, hunting, forestry, and fishing; manufacturing and wholesale, retail trade, restaurants, and hotels. Rev Environ Econ Policy 7(2):181198, Aznar-Siguan G, Bresch DN (2019) CLIMADA v1: a global weather and climate risk assessment platform. 2014). Power cables and telephone lines come down, crops are ruined, and water and sewage supplies are affected. 2012, 2013). The results indicate that the policies should focus on the direct costs of tropical cyclones. Cyclones can produce flooding in two ways. Torrential rainfall can cause serious in-land flooding, thereby augmenting the risk coming from storm surges (Terry 2007). There are two important points to note about this tropical cyclone damage variable. The new climate-economy literature. Appendix A.5 presents further statistics: Figs. This study provides an explanation about which sectors contribute to an overall negative GDP-effect of tropical cyclones identified by previous studies (Noy 2009; Strobl 2012; Elliott etal. Bull Am Meteorol Soc 91(3):363376, Knutson T, Camargo SJ, Chan JC, Emanuel K, Ho C-H, Kossin J, Mohapatra M, Satoh M, Sugi M, Walsh K et al (2020) Tropical cyclones and climate change assessment: part II: projected response to anthropogenic warming. Tropical Cyclone Freddy on track to become record-breaking storm Surprisingly, the sector aggregate mining and utilities turns negative three years after the tropical cyclone has hit the country. \(Damage_{i,t}\) is the derived damage function for country i at year t from Eq. 2016). How did tropical cyclone Florence impact the economy? In consequence to tropical cyclone damage, less tourists visit affected countries (Hsiang 2010), since they perceive these destinations as too risky to travel to (Forster etal. In total, I exclude five country-year observations from my analysis: Dominican Republic 1979, Grenada 2004, Montserrat 1989, Myanmar 1977, and Saint Lucia 1980.