Details
| Original language | English |
|---|---|
| Pages (from-to) | 351-368 |
| Number of pages | 18 |
| Journal | Review of international economics |
| Volume | 18 |
| Issue number | 2 |
| Early online date | 14 Apr 2010 |
| Publication status | Published - May 2010 |
| Externally published | Yes |
Abstract
This paper examines the impact of major disasters on import and export flows using a gravity model (170 countries, 1962-2004). As a conservative estimate, an additional disaster reduces imports on average by 0.2% and exports by 0.1%. Despite the apparent persistence of bilateral trade volumes, we find that the driving forces determining the impact of disastrous events are the level of democracy and the geographical size of the affected country. The less democratic and the smaller a country the greater is its loss due to a catastrophe. In autocracies, exports and imports are significantly reduced. Had Togo been struck by a major disaster in 2000, it would have lost 6.2% of its imports and 3.7% of its exports. While democratic countries' exports suffer identical decreases, imports increase.
ASJC Scopus subject areas
- Social Sciences(all)
- Geography, Planning and Development
- Social Sciences(all)
- Development
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In: Review of international economics, Vol. 18, No. 2, 05.2010, p. 351-368.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Shaken, not stirred
T2 - The impact of disasters on international trade
AU - Gassebner, Martin
AU - Keck, Alexander
AU - Teh, Robert
PY - 2010/5
Y1 - 2010/5
N2 - This paper examines the impact of major disasters on import and export flows using a gravity model (170 countries, 1962-2004). As a conservative estimate, an additional disaster reduces imports on average by 0.2% and exports by 0.1%. Despite the apparent persistence of bilateral trade volumes, we find that the driving forces determining the impact of disastrous events are the level of democracy and the geographical size of the affected country. The less democratic and the smaller a country the greater is its loss due to a catastrophe. In autocracies, exports and imports are significantly reduced. Had Togo been struck by a major disaster in 2000, it would have lost 6.2% of its imports and 3.7% of its exports. While democratic countries' exports suffer identical decreases, imports increase.
AB - This paper examines the impact of major disasters on import and export flows using a gravity model (170 countries, 1962-2004). As a conservative estimate, an additional disaster reduces imports on average by 0.2% and exports by 0.1%. Despite the apparent persistence of bilateral trade volumes, we find that the driving forces determining the impact of disastrous events are the level of democracy and the geographical size of the affected country. The less democratic and the smaller a country the greater is its loss due to a catastrophe. In autocracies, exports and imports are significantly reduced. Had Togo been struck by a major disaster in 2000, it would have lost 6.2% of its imports and 3.7% of its exports. While democratic countries' exports suffer identical decreases, imports increase.
UR - http://www.scopus.com/inward/record.url?scp=77954400835&partnerID=8YFLogxK
U2 - 10.1111/j.1467-9396.2010.00868.x
DO - 10.1111/j.1467-9396.2010.00868.x
M3 - Article
AN - SCOPUS:77954400835
VL - 18
SP - 351
EP - 368
JO - Review of international economics
JF - Review of international economics
SN - 0965-7576
IS - 2
ER -