Natural Disasters and Fiscal Drought
This paper examines to what extent slowdowns in economic growth after natural disasters are accompanied by widening fiscal deficits and corresponding pressures on public debt. Empirical analysis based on exogenous measures of physical disaster intensity shows that natural disasters lead not only to...
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| Sprache: | English |
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Washington, D.C
The World Bank
2023
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| 100 | 1 | |a Milivojevic, Lazar |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Natural Disasters and Fiscal Drought |c Lazar Milivojevic |
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| 520 | 3 | |a This paper examines to what extent slowdowns in economic growth after natural disasters are accompanied by widening fiscal deficits and corresponding pressures on public debt. Empirical analysis based on exogenous measures of physical disaster intensity shows that natural disasters lead not only to output losses but also to further deterioration of countries' fiscal positions. The effects are persistent and driven by developments in emerging markets and developing economies. A dynamic stochastic general equilibrium model is used to show the propagation mechanism of an extreme event that affects agricultural productivity. The model features farmers endowed with land with time-varying productivity subject to economic and weather conditions. Simulation results illustrate the climate-fiscal nexus existence and highlight the role of structural resilience in limiting the impact of natural disasters | |
| 650 | 4 | |a Agricultural Impact | |
| 650 | 4 | |a Agriculture | |
| 650 | 4 | |a Climate Change | |
| 650 | 4 | |a Climate-Fiscal Nexus | |
| 650 | 4 | |a Fiscal Sustainability | |
| 650 | 4 | |a Macroeconomics and Economic Growth | |
| 650 | 4 | |a Natural Disasters | |
| 650 | 4 | |a Structural Resilience | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Milivojevic, Lazar |t Natural Disasters and Fiscal Drought |d Washington, D.C. : The World Bank, 2023 |
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| author | Milivojevic, Lazar |
| author_facet | Milivojevic, Lazar |
| author_role | aut |
| author_sort | Milivojevic, Lazar |
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| ctrlnum | (ZDB-1-WBA)090344979 (OCoLC)1392152228 (DE-599)KEP090344979 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1596/1813-9450-10298 |
| format | Electronic eBook |
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| id | DE-604.BV049079318 |
| illustrated | Not Illustrated |
| indexdate | 2025-02-03T15:58:23Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034341209 |
| oclc_num | 1392152228 |
| open_access_boolean | 1 |
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| physical | 1 Online-Ressource (27 Seiten) |
| psigel | ZDB-1-WBA |
| publishDate | 2023 |
| publishDateSearch | 2023 |
| publishDateSort | 2023 |
| publisher | The World Bank |
| record_format | marc |
| spellingShingle | Milivojevic, Lazar Natural Disasters and Fiscal Drought Agricultural Impact Agriculture Climate Change Climate-Fiscal Nexus Fiscal Sustainability Macroeconomics and Economic Growth Natural Disasters Structural Resilience |
| title | Natural Disasters and Fiscal Drought |
| title_auth | Natural Disasters and Fiscal Drought |
| title_exact_search | Natural Disasters and Fiscal Drought |
| title_full | Natural Disasters and Fiscal Drought Lazar Milivojevic |
| title_fullStr | Natural Disasters and Fiscal Drought Lazar Milivojevic |
| title_full_unstemmed | Natural Disasters and Fiscal Drought Lazar Milivojevic |
| title_short | Natural Disasters and Fiscal Drought |
| title_sort | natural disasters and fiscal drought |
| topic | Agricultural Impact Agriculture Climate Change Climate-Fiscal Nexus Fiscal Sustainability Macroeconomics and Economic Growth Natural Disasters Structural Resilience |
| topic_facet | Agricultural Impact Agriculture Climate Change Climate-Fiscal Nexus Fiscal Sustainability Macroeconomics and Economic Growth Natural Disasters Structural Resilience |
| url | https://doi.org/10.1596/1813-9450-10298 |
| work_keys_str_mv | AT milivojeviclazar naturaldisastersandfiscaldrought |