Arbeitspapier

Cultural resilience, religion, and economic recovery: Evidence from the 2005 hurricane season

This paper investigates the critical role of religion in the economic recovery after high-impact natural disasters. Exploiting the 2005 hurricane season in the southeast United States, we document that establishments in counties with higher religious adherence rates saw a significantly stronger recovery in terms of productivity for 2005-2010. Our results further suggest that a particular religious denomination does not drive the effect. We observe that different aspects of religion, such as adherence, shared experiences from ancestors, and institutionalised features, all drive the effect on recovery. Our results matter since they underline the importance of cultural characteristics like religion during and after economic crises.

Sprache
Englisch

Erschienen in
Series: IWH Discussion Papers ; No. 9/2021

Klassifikation
Wirtschaft
Macroeconomics: Production
Business Fluctuations; Cycles
Cultural Economics: Religion
Thema
establishment-level productivity
natural disasters
recovery
religion

Ereignis
Geistige Schöpfung
(wer)
Hasan, Iftekhar
Manfredonia, Stefano
Noth, Felix
Ereignis
Veröffentlichung
(wer)
Halle Institute for Economic Research (IWH)
(wo)
Halle (Saale)
(wann)
2021

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Hasan, Iftekhar
  • Manfredonia, Stefano
  • Noth, Felix
  • Halle Institute for Economic Research (IWH)

Entstanden

  • 2021

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