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Natural disasters and growth - going beyond the averages (English)

There has been a steady increase in the occurrence of natural disasters. Yet their effect on economic growth remains unclear, with some studies reporting negative, and others indicating no, or even positive effects. These seemingly contradictory findings can be reconciled by exploring the effects of natural disasters on growth separately by disaster and economic sector. This is consistent with the insights from traditional models of economic growth...
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Loayza,Norman V.; Olaberria,Eduardo; Rigolini, Jamele; Christiaensen,Luc.

Natural disasters and growth - going beyond the averages (English). Policy Research working paper ; no. WPS 4980 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/626581468331185998

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