Title

Identifying the influence of natural disasters on technological innovation

Date of Publication

2021 12:00 AM

Security Theme

Extreme Events

Keywords

Natural disasters, Technological innovation, Generalized method of moments

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.

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Jan 1st, 12:00 AM

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.