The Economic Growth Impact of Hurricanes : Evidence from US Coastal Counties *

@inproceedings{Strobl2008TheEG,
  title={The Economic Growth Impact of Hurricanes : Evidence from US Coastal Counties *},
  author={Eric Strobl},
  year={2008}
}
We estimate for the first time the impact of hurricane strikes on local economic growth rates and how this is reflected in more aggregate growth patterns. To this end we assemble a panel data set of US coastal counties’ growth rates and construct a novel hurricane destruction index that is based on a monetary loss equation, local wind speed estimates derived from a physical wind field model, and local exposure characteristics. Our econometric results suggest that in response to a hurricane… CONTINUE READING
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