When a natural disaster destroys public capital, these direct losses are exacerbated by indirect losses arising from reduced output while reconstruction takes place. These indirect losses may be much larger, relative to the direct ones, in low-income countries, because they lack the finance for rapid reconstruction. This paper uses a dynamic general equilibrium model to examine sovereign disaster risk insurance, increased taxation, and budget reallocation...
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INFORMATION
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2016/06/21
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Document de travail de recherche sur les politiques
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WPS7718
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1
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1
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2016/06/21
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Disclosed
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Financing the reconstruction of public capital after a natural disaster
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public capital