Unraveling the effects of tropical cyclones on economic sectors worldwide: Direct and indirect impacts

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Discussion Paper Series ; No. 685

Classification and Topics

• Classification: Wirtschaft ; Climate; Natural Disasters and Their Management; Global Warming ; Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth ; Environment and Growth ; Macroeconomic Analyses of Economic Development
• Subject: tropical cyclones ; sectoral economic growth ; environment and growth ; natural disasters ; input-output analysis

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kunze, Sven
• Event: Veröffentlichung
• (who): University of Heidelberg, Department of Economics
• (where): Heidelberg
• (when): 2020

Further information

• DOI: doi:10.11588/heidok.00028375
• Handle: http://hdl.handle.net/10419/235008
• URN: urn:nbn:de:bsz:16-heidok-283755
• Last update: 10.03.2025, 11:43 AM CET