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Unraveling the Effects of Tropical Cyclones on Economic Sectors Worldwide: Direct and Indirect Impacts
Environmental and Resource Economics ( IF 3.2 ) Pub Date : 2021-03-10 , DOI: 10.1007/s10640-021-00541-5
Sven Kunze

This paper examines the current, lagged, and indirect effects of tropical cyclones on annual sectoral growth worldwide. The main explanatory variable is a new damage measure for local tropical cyclone intensity based on meteorological data weighted for individual sectoral exposure, which is included in a panel analysis for a maximum of 205 countries over the 1970–2015 period. I find a significantly negative influence of tropical cyclones on two sector aggregates including agriculture, as well as trade and tourism. In subsequent years, tropical cyclones negatively affect the majority of all sectors. However, the Input–Output analysis shows that production processes are sticky and indirect economic effects are limited.



中文翻译:

揭示热带气旋对全球经济部门的影响:直接和间接影响

本文研究了热带气旋对全球年度部门增长的当前,滞后和间接影响。主要的解释变量是根据对各个部门暴露加权的气象数据对局部热带气旋强度进行的新的破坏度量,该因子包括在1970-2015年间最多205个国家的面板分析中。我发现热带气旋对包括农业,贸易和旅游业在内的两个部门的聚集产生了显着的负面影响。在随后的几年中,热带气旋对所有部门的大多数产生了负面影响。但是,投入产出分析表明生产过程是粘性的,间接的经济影响是有限的。

更新日期:2021-03-10
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