TY  - GEN
T3  - Discussion Paper Series / University of Heidelberg, Department of Economics
N2  - 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 a significantly negative influence of tropical cyclones 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 are low.
A1  - Kunze, Sven
CY  - Heidelberg
TI  - Unraveling the effects of tropical cyclones on economic
sectors worldwide
AV  - public
ID  - heidok25238
Y1  - 2018/08/09/
UR  - https://archiv.ub.uni-heidelberg.de/volltextserver/25238/
ER  -