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Resilience to natural disasters — Insurance penetration, institutions, and disaster types
- Breckner, Miriam, Englmaier, Florian, Stowasser, Till, Sunde, Uwe
- Economics letters 2016 v.148 pp. 106-110
- disasters, economic impact, insurance
- Using newly available data, this note provides new evidence suggesting that private insurance penetration mitigates the negative economic effects of natural disasters. The results document heterogeneous effects across differentially institutionalized countries and across different disaster types.