Citation

Boudreaux CJ, Escaleras MP, Skidmore M. Econ. Lett. 2019; 182: 82-85.

Copyright

(Copyright © 2019, Elsevier Publishing)

DOI

10.1016/j.econlet.2019.06.010

PMID

unavailable

Abstract

We propose that natural disasters discourage economic development in the short-run by inhibiting entrepreneurship start-up activity, which is largely responsible for job creation and growth. Our findings indicate that natural disaster events decrease start-up activity in the short-run (i.e., 1-2 years) but have no effect beyond that term. Furthermore, this relationship is driven by climatic natural disasters in low and middle-income countries and geologic disasters in high-income countries.

Language: en

Keywords

Economic development; Entrepreneurship; Natural disasters