This paper investigates the link between development, economic growth, and the economic losses from natural disasters in a general analytical framework, with an illustration on hurricane flood risks in New Orleans. It concludes that, where capital accumulates through increased density of capital at risk in a given area, (i) the probability of disaster occurrence decreases with income; (ii) capital at risk – and thus economic losses in case of disaster...
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INFORMATION
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2012/10/01
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Document de travail de recherche sur les politiques
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WPS6216
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1
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1
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2012/10/01
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Disclosed
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An exploration of the link between development, economic growth, and natural risk
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capital at risk
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