Climate change and natural disasters: macroeconomic performance and distributional impacts |
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Authors: | María Eugenia Ibarrarán Matthias Ruth Sanjana Ahmad Marisa London |
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Institution: | 1. Department of Economics and Business, Universidad Iberoamericana Puebla, Blvd. del Nino Poblano 2901, Unidad Territorial Atlixcáyotl, Puebla, 72430, Mexico 2. Director, Center for Integrative Environmental Research, Division of Research Co-Director, Engineering and Public Policy, A. James Clark School of Engineering and School of Public Policy Director, Environmental Policy Program, School of Public Policy, University of Maryland, 2101 Van Munching Hall, College Park, MD, 20742, USA 3. Center for Integrative Environmental Research, University of Maryland, 2101 Van Munching Hall, College Park, MD, 20742, USA
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Abstract: | Commonly occurring natural events become natural disasters when they affect the population through death and injury, and/or
through the destruction of natural and physical capital on which people rely for their livelihood and quality of life. Climate
change plays a role in that it tends to increase the frequency and intensity of weather-related natural disasters. Additionally,
climate change may put people at risk by influencing access to water, coastal flooding, disease and hunger, and leaving them
with a more degraded environment, leading, in turn, to increased vulnerability. The purpose of this paper is to present a
review and synthesis of the literature and case studies addressing differential impacts of climate change-related natural
disasters on a society and its economy. Developed and developing countries show different vulnerabilities to natural disasters.
Even within countries, impacts vary significantly across population and economic sectors. When losses from natural disasters
are large, their cumulative effect can have notable macroeconomic impacts, which feed back to further pronounce existing income
inequalities and lower income levels. Impacts tend to be most pronounced for women, the young and elderly, and people of ethnic
or racial minorities.
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Keywords: | Climate change Natural disaster Macroeconomic impact Income distribution Poverty Vulnerability |
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