Risk and adaptation: Evidence from global hurricane damages and fatalities

Laura A. Bakkensen, Robert O. Mendelsohn

Research output: Contribution to journalArticlepeer-review

30 Scopus citations

Abstract

We examine whether countries adapt to hurricanes. A spatially refined global tropical cyclone data set is created to test for adaptation. We find evidence of adaptation in most of the world by examining the effects of income, population density, and storm frequency on damage and fatalities. In contrast, there is no evidence of adaptation to damage in the United States, leading to a damage function which is 14 times higher than other developed (OECD) countries.

Original languageEnglish (US)
Pages (from-to)555-587
Number of pages33
JournalJournal of the Association of Environmental and Resource Economists
Volume3
Issue number3
DOIs
StatePublished - Sep 1 2016
Externally publishedYes

Keywords

  • Adaptation
  • Economic damages
  • Hurricanes
  • Natural disasters
  • Risk
  • Tropical cyclones

ASJC Scopus subject areas

  • Economics and Econometrics
  • Nature and Landscape Conservation
  • Management, Monitoring, Policy and Law

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