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.

Language
Englisch

Bibliographic citation
Series: IWH Discussion Papers ; No. 9/2021

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

Event
Geistige Schöpfung
(who)
Hasan, Iftekhar
Manfredonia, Stefano
Noth, Felix
Event
Veröffentlichung
(who)
Halle Institute for Economic Research (IWH)
(where)
Halle (Saale)
(when)
2021

Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

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

Time of origin

  • 2021

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