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Cited by 566

The DOI matches its Crossref record; 40 of the 40 references it cites were found in a registry or an index.

Naturally negative: The growth effects of natural disasters

Open access
Felbermayr, Gabriel, Gröschl, Jasmin·2014·Journal of Development Economics

Abstract

Growth theory predicts that natural disasters should, on impact, lower GDP per capita. However, the empirical literature does not offer conclusive evidence. Most existing studies use disaster data drawn from damage records of insurance companies. We argue that this may lead to estimation bias as damage data and the selection into the database may correlate with GDP. We build a comprehensive database of disaster events and their intensities from primary geophysical and meteorological information. In contrast to insurance data, our GeoMet data reveal a substantial negative and robust average impact effect of disasters on growth. The worst 5% disaster years come with a growth damage of at least 0.45 percentage points. That average effect is driven mainly by very large earthquakes and some meteorological disasters. Poor countries are more strongly affected by geophysical disasters; rich more by meteorological events. International openness and democratic institutions reduce the adverse effect of disasters.

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Metadata

Authors
Felbermayr, G., & Gröschl, J.
Venue
Journal of Development Economics
Publisher
Elsevier BV
Published
2014-11
Volume
111
Pages
92-106
ISSN
0304-3878 (ISSN-L)
OpenAlex
W3121423574
Cited by
566
References
40
FWCI
46.72
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Naturally negative: The growth effects of natural disasters. https://app.cochat.ai/papers/10.1016/j.jdeveco.2014.07.004
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Felbermayr, G., & Gröschl, J. (2014). Naturally negative: The growth effects of natural disasters. Journal of Development Economics. https://doi.org/10.1016/j.jdeveco.2014.07.004

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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