Debt, growth and natural disasters : a Caribbean trilogy /

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Bibliographic Details
Author / Creator:	Acevedo, S. (Sebastian), author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2014.
Description:	1 online resource (47 pages) : color illustrations
Language:	English
Series:	IMF working paper ; WP/14/125 IMF working paper ; WP/14/125.
Subject:	Debt -- Caribbean Area. Economic development -- Caribbean Area. Natural disasters -- Caribbean Area. Debt. Economic development. Natural disasters. Caribbean Area. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12503087

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Western Hemisphere Department, issuing body.
ISBN:	9781498315487 1498315488
Notes:	"Western Hemisphere Department"--Page 2 of pdf. "July 2014"--Page 2 of pdf. Includes bibliographical references. Online resource; title from pdf title page (IMF.org Web site, viewed (July 21, 2014).
Summary:	"This paper seeks to determine the effects that natural disasters have on per capita GDP and on the debt to GDP ratio in the Caribbean. Two types of natural disasters are studied -storms and floods- given their prevalence in the region, while considering the effects of both moderate and severe disasters. I use a vector autoregressive model with exogenous natural disasters shocks, in a panel of 12 Caribbean countries over a period of 40 years. The results show that both storms and floods have a negative effect on growth, and that debt increases with floods but not with storms. However, in a subsample I find that storms significantly increase debt in the short and long run. I also find weak evidence that debt relief contributes to ease the negative effects of storms on debt"--Abstract.

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