| By: |
Silvio Schmidt;
Claudia Kemfert;
Peter Höppe |
| Abstract: |
Economic losses caused by tropical cyclones have increased dramatically. It
can be assumed that most losses are due to increased prosperity and a greater
tendency for people to settle in exposed areas, but also that the growing
incidence of severe cyclones is due to climate change. This paper aims to
isolate the socio-economic effects and ascertain the potential impact of
climate change on this trend. Storm losses for the period 1950-2005 have been
adjusted to 2005 socio-economic values so that any remaining trend cannot be
ascribed to socio-economic developments. In the period 1971-2005, losses
excluding socio-economic effects show an annual increase of 4% per annum. |
| Keywords: |
Climate change, tropical cyclones, loss trends |
| JEL: |
Q54 Q50 Q51 |
| Date: |
2008 |
| URL: |
http://d.repec.org/n?u=RePEc:diw:diwwpp:dp802&r=res |