Cunado, Juncal; Ferreira, Susana - Agricultural and Applied Economics Association - AAEA - 2011
We analyze the economic impacts of floods using new data on 3,184 large flood events in 118 countries between 1985 and 2008. We use panel vector auto-regressions to trace the dynamic response of output to three types of flood shocks. Our results robustly indicate that flood shocks tend to have a...