Identifying the influence of natural disasters on technological innovation
Date of Publication
1-1-2021 12:00 AM
Security Theme
Environmental Security
Keywords
Natural Disasters, Extreme Events
Description
We study the influence of natural disasters on technological innovation for a panel of 49 countries. After controlling for endogeneity issues and using several measures of natural disasters (occurrences, deaths, affected people, and economic damages) we find that natural disasters have a significantly negative effect on technological innovation. We also study the disaggregated effects of natural disasters and find that earthquakes, extreme temperatures, floods, and storms influence innovations most.
Identifying the influence of natural disasters on technological innovation
We study the influence of natural disasters on technological innovation for a panel of 49 countries. After controlling for endogeneity issues and using several measures of natural disasters (occurrences, deaths, affected people, and economic damages) we find that natural disasters have a significantly negative effect on technological innovation. We also study the disaggregated effects of natural disasters and find that earthquakes, extreme temperatures, floods, and storms influence innovations most.