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Original paper

Evidence for sharp increase in the economic damages of extreme natural disasters

Volume: 116, Issue: 43, Pages: 21450 - 21455
Published: Oct 7, 2019
Abstract
Climate change has increased the frequency and intensity of natural disasters. Does this translate into increased economic damages? To date, empirical assessments of damage trends have been inconclusive. Our study demonstrates a temporal increase in extreme damages, after controlling for a number of factors. We analyze event-level data using quantile regressions to capture patterns in the damage distribution (not just its mean) and find strong...
Paper Details
Title
Evidence for sharp increase in the economic damages of extreme natural disasters
Published Date
Oct 7, 2019
Volume
116
Issue
43
Pages
21450 - 21455
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