nep-res New Economics Papers
on Resource Economics
Issue of 2008‒07‒14
one paper chosen by
Maximo Rossi
Universidad de la Republica

  1. Tropical Cyclone Losses in the USA and the Impact of Climate Change : A Trend Analysis Based on a New Dataset By Silvio Schmidt; Claudia Kemfert; Peter Höppe

  1. 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

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