1996

Abstract

In this paper we examine the impact of major disasters on international trade flows using a gravity model. Our panel data consists of more than 170 countries for the years 1962-2004 yielding approximately 300,000 observations. We find that the driving forces determining the impact of such events are the democracy level and, to a lesser extent, the area of the affected country. The less democratic and the smaller a country the more are its trade flows reduced in case it is struck by a disaster. We are also able to distinguish between the effect of a disaster on an importing and an exporting country.

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/content/papers/25189808/52
2006-03-01
2022-05-27
http://instance.metastore.ingenta.com/content/papers/25189808/52
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  • Published online: 01 Mar 2006
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