IDB study suggests large natural disasters unlikely to affect long-term growth
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Inter-American Development BankLarge natural disasters are unlikely to affect long-term economic growth unless they are followed by a radical disruption in the institutional organization of society, a new study by the Inter-American Development Bank (IDB) suggests.
The study, which analyses the impact of large natural disasters, sheds new light on whether these occurrences hurt long run economic growth. Current economic theories do not offer a clear answer.
