Economic development and losses due to natural disasters: The role of hazard exposure

@inproceedings{Schumacher2011EconomicDA,
  title={Economic development and losses due to natural disasters: The role of hazard exposure},
  author={Ingmar Schumacher and Eric A. Strobl},
  year={2011}
}
Our contribution is to show that the relationship between wealth and disasters is mainly formed by the exposure to disaster hazard. We first build a simple analytical model that demonstrates how countries that face a low hazard of disasters are likely to see first increasing losses and then decreasing ones with increasing economic development. At the same time, countries that face a high hazard of disasters are likely to experience first decreasing losses and then increasing ones with… CONTINUE READING
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