Resilience to natural disasters — Insurance penetration, institutions, and disaster types

Citation

Breckner M, Englmaier F, Stowasser T & Sunde U (2016) Resilience to natural disasters — Insurance penetration, institutions, and disaster types. Economics Letters, 148, pp. 106-110. https://doi.org/10.1016/j.econlet.2016.09.023

Abstract
Using newly available data, this note provides new evidence suggesting that private insurance penetration mitigates the negative economic effects of natural disasters. The results document heterogeneous effects across differentially institutionalized countries and across different disaster types

Keywords
Natural disasters; Economic development; Insurance penetration; Institutions; Complementarities

Journal
Economics Letters: Volume 148

People

Dr Till Stowasser

Senior Lecturer, Economics