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Resilience to natural disasters — Insurance penetration, institutions, and disaster types

Author:
Breckner, Miriam, Englmaier, Florian, Stowasser, Till, Sunde, Uwe
Source:
Economics letters 2016 v.148 pp. 106-110
ISSN:
0165-1765
Subject:
disasters, economic impact, insurance
Abstract:
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.
Agid:
6066628