Directly to content
  1. Publishing |
  2. Search |
  3. Browse |
  4. Recent items rss |
  5. Open Access |
  6. Jur. Issues |
  7. DeutschClear Cookie - decide language by browser settings

Unraveling the Effects of Tropical Cyclones on Economic Sectors Worldwide

Kunze, Sven

WarningThere is a more recent version of this item available.
PDF, English
Download (2MB) | Terms of use

Citation of documents: Please do not cite the URL that is displayed in your browser location input, instead use the DOI, URN or the persistent URL below, as we can guarantee their long-time accessibility.


This paper unravels the contemporaneous, lagged, and indirect effects of tropical cyclones on annual sectoral growth worldwide. The main explanatory variable is an area-weighted measure for local tropical cyclone intensity based on meteorological data, which is included in a panel analysis for a maximum of 213 countries over the 1971-2015 period. I find that the significantly negative influence of tropical cyclones on aggregate GDP growth can be attributed to contemporaneous negative effects on three sector aggregates including agriculture, infrastructure, as well as trade and tourism. In subsequent years, tropical cyclones negatively affect nearly all sectors. However, the Input-Output analysis shows that production processes are sticky and indirect economic costs of tropical cyclones are low.

Item Type: Working paper
Series Name: Discussion Paper Series
Volume: 0641
Place of Publication: Heidelberg
Date Deposited: 28 Nov 2017 08:50
Date: 27 November 2017
Faculties / Institutes: The Faculty of Economics and Social Studies > Alfred-Weber-Institut for Economics
Subjects: 330 Economics
Controlled Keywords: tropical cyclones, sectoral economic growth, environment and growth, natural disasters, input-output analysis
Schriftenreihe ID: Discussion Paper Series / University of Heidelberg, Department of Economics

Available Versions of this Item

About | FAQ | Contact | Imprint |
OA-LogoDINI certificate 2013Logo der Open-Archives-Initiative