Journal of Development Economics
Volume 111, In Progress (November 2014)
http://www.sciencedirect.com/science/journal/03043878/110

Naturally negative: The growth effects of natural disasters
Gabriel Felbermayr, Jasmin Gröschl
Original Research Article
Pages 92-106
Highlights
:: We provide a new global database of the physical intensity of natural disasters.
:: Data based on damage reports lead to biased estimates of the disaster-growth nexus.
:: The new data strongly indicate negative growth effects of natural disasters.
:: Institutional quality and international openness mitigate the negative effects.