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230404 ||| eng |
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|a 9798400227172
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| 100 |
1 |
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|a Lian, Weicheng
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| 245 |
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|a Natural Disasters and Scarring Effects
|c Weicheng Lian, Jose Ramon Moran, Raadhika Vishvesh
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2022
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| 300 |
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|a 30 pages
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| 651 |
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4 |
|a Antigua and Barbuda
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| 653 |
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|a Public debt
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|a Cross-Country Output Convergence
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|a Environmental Economics
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Aggregate Productivity
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| 653 |
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|a Natural Disasters
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|a Climate
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|a Debts, Public
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|a Gambling
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|a Climate change
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|a Hospitality, leisure & tourism industries
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|a Economics of specific sectors
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|a Population and demographics
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|a Currency crises
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|a Demography
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|a Global Warming
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|a Environment and Growth
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|a Population
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|a Macroeconomics
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|a Measurement of Economic Growth
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|a Industries: Hospital,Travel and Tourism
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| 653 |
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|a Tourism
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| 653 |
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|a Climatic changes
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| 653 |
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|a Population & demography
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Demographic Economics: General
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| 653 |
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|a Natural Disasters and Their Management
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| 653 |
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|a Environment
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| 653 |
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|a Economics: General
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| 653 |
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|a Debt Management
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|a Debt
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|a Recreation
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|a Informal sector; Economics
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|a Economic sectors
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Sports
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|a Natural disasters
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| 653 |
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|a Public Finance
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| 653 |
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|a Restaurants
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| 700 |
1 |
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|a Moran, Jose Ramon
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| 700 |
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|a Vishvesh, Raadhika
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9798400227172.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2022/253/001.2022.issue-253-en.xml?cid=527014-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This paper uses a novel empirical approach, following the literature on hysteresis, to explore medium-term scarring of natural disasters for countries vulnerable to climate change. By quantifying the dynamic effects of natural disasters on real GDP per capita for a large number of episodes using a synthetic control approach (SCA) and focusing on severe shocks, we demonstrate that a persistently large deviation of real GDP per capita from the counterfacutal trend exists five years after a severe shock in many countries. The findings highlight the importance and urgency of building ex-ante resilience to avoid scarring effects for countries prone to natural disasters, such as those in the Caribbean region
|