Natural disasters and electoral outcomes

poverty and natural disasters

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Natural Disasters

Disasters and Incumbent Electoral Fortunes: No Implications for Democratic Competence∗

A recent empirical literature shows that incumbent electoral fortunes suffer following negative events incumbents cannot control. These results have been taken to show that voters are insufficiently rational to competently hold elected officials accountable. Without disputing the empirical findings, we dispute these interpretations. Our argument has two steps. First, we present a formal model t...

Disasters and Development: Natural Disasters, Credit Constraints and Economic Growth

We demonstrate, using a simple two-period equilibrium model of the economy, the potential effects of extreme event occurrences such as natural or humanitarian disasters on economic growth over the mediumto long-term. In particular, we focus on the effect of such shocks on investment. We examine two polar cases; an unconstrained economy where agents have access to perfect capital markets, versus...

Globalization and Natural Disasters: An

The increased global exchange of merchandise, services, and capital is a key characteristic of the contemporary business environment. International firms position themselves to gain competitive advantage from opportunities offered in this larger and more open economic system. Similarly, governments reap rewards from firms that establish operations within their borders. There are strong argument...