The Fiscal Consequences of Natural Disasters: Evidence from the US States

被引：1

作者：

Bayar, Omer ^{[1
]}

Yarbrough, Todd Richard ^{[2
,3
]}

机构：

[1] Univ Evansville, Schroeder Sch Business, Evansville, IN USA

[2] Pace Univ, Dept Econ, New York, NY USA

[3] Pace Univ, Dept Econ, 41 Pk Row, New York, NY 10007 USA

来源：

PUBLIC FINANCE REVIEW | 2024年 / 52卷 / 02期

关键词：

climate change; natural disasters; state spending; state revenues; federal transfers; JEL Codes; H7; H84; Q54; POLITICAL-ECONOMY; IMPACT; GROWTH; INSTITUTIONS; RESPONSES; SHOCKS; POLICY; OUTPUT;

D O I：

10.1177/10911421231179535

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The paper investigates the fiscal impact of natural disasters in the U.S. states. The focus is on state spending, state revenues, and federal transfers for the period from 1970 to 2015. Results show that a broad definition based on dollar damages from all emergency events and major disasters has a small effect on state-level fiscal conditions, which stands in contrast to prior studies. On the other hand, a narrower definition based on the occurrence of major disasters is associated with increased spending and transfers alongside spending effects that grow with disaster severity.

引用

下载

页码：222 / 252

页数：31

共 50 条

[31] Manipulating Fiscal Forecasts: Evidence from the German States
Kauder, Bjoern
Potrafke, Niklas
Schinke, Christoph
FINANZARCHIV, 2017, 73 (02): : 213 - 236
[32] The impact of natural disasters on insurers' profitability: Evidence from Property/Casualty Insurance company in United States
Benali, Nadia
Feki, Rochdi
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2017, 42 : 1394 - 1400
[33] MEDICAL CONSEQUENCES OF NATURAL DISASTERS - BENIN,L
SEAMAN, J
DISASTERS, 1987, 11 (01) : 75 - 75
[34] Consequences of ?natural? disasters on aquatic life and habitats
Cooke, Steven J.
Galassi, Diana M. P.
Gillanders, Bronwyn M.
Landsman, Sean J.
Hammerschlag, Neil
Gallagher, Austin J.
Eliason, Erika J.
Kraft, Clifford E.
Taylor, Mark K.
Crisafulli, Charlie M.
Shugar, Dan H.
Lennox, Robert J.
ENVIRONMENTAL REVIEWS, 2022, 31 (01): : 122 - 140
[35] Fiscal Repercussions of Natural Disasters: Stylized Facts and Panel Data Evidences from India
Panwar, Vikrant
Sen, Subir
NATURAL HAZARDS REVIEW, 2020, 21 (02)
[36] The effect of natural disasters on big bath earnings management of banks: evidence from the 2005 US hurricane season
Yang, Qiurong
Bai, Gang
ACCOUNTING AND BUSINESS RESEARCH, 2023, 54 (06) : 673 - 699
[37] Fiscal Stimulus in a Monetary Union: Evidence from US Regions
Nakamura, Emi
Steinsson, Jon
AMERICAN ECONOMIC REVIEW, 2014, 104 (03): : 753 - 792
[38] Fiscal storms: public spending and revenues in the aftermath of natural disasters
Noy, Ilan
Nualsri, Aekkanush
ENVIRONMENT AND DEVELOPMENT ECONOMICS, 2011, 16 : 113 - 128
[39] Children's vulnerability to natural disasters: Evidence from natural experiments in Bangladesh
Ahsanuzzaman
Islam, Muhammad Q.
WORLD DEVELOPMENT PERSPECTIVES, 2020, 19
[40] Market response of US equities to domestic natural disasters: industry-based evidence
Malik, Ihtisham A.
Faff, Robert W.
Chan, Kam F.
ACCOUNTING AND FINANCE, 2020, 60 (04): : 3875 - 3904

← 1 2 3 4 5 →