Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Climate risks, disasters and damages Location: Auditorium F Session Chair: Anders Dugstad, Norwegian University of Life Sciences | |
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A CREATIVE DESTRUCTION FALLACY? SOCIO-ECONOMIC IMPACTS OF DISASTERS AND THE MEDIATING ROLE OF LOCAL INSTITUTIONS University of Florence, Italy This study develops a multidimensional analysis of the impact of hundreds of hydrogeological disastrous events that occurred in Italy over the period 2013-2020. To address multiple and time-heterogeneous events, we develop a staggered diff-in-diff design, which allows us to identify an unbiased causal effect of such events on several socioeconomic dimensions, including firms’ activity, aggregated income and distribution, as well as measures of poverty and human development. We document that these effects persist despite the recovery funds allocated in the post-emergency phase from the central government to the affected areas as a consequence of the declaration of the state of emergency. Our analysis reveals that the intensity of these net adverse effects varies across the affected provinces depending on their institutional quality. We document a full economic recovery in the high-level institutions regions and a structural adverse economic effect in the low-quality institutional regions. This divergence concerns only economic indicators, while the negative impact of disasters on social indicators persist among regions independently on institutional quality heterogeneity. | |