The Effect of Natural Disasters on Economic Growth: Does Frequency of Disasters Matter?
This paper aims to investigate the effect of natural disasters, with regard to frequency of events, on GDP per capita growth. A panel data regression covering 121 countries between 1960 and 2015 in non-overlapping five-year periods is used. The regression contemplates the size of the agricultural sector in each country and the severity of the disasters. The results show a positive effect on econom