Flooded cities
Does economic activity relocate away from areas that are at high risk of recurring shocks? We examine this question in the context of floods, which are among the costliest and most common natural disasters. Over the past thirty years, floods worldwide killed more than 500,000 people and displaced ov...
Main Authors: | Michaels, G, McDermott, T, Kocornik-Mina, A, Rauch, F |
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Format: | Journal article |
Language: | English |
Published: |
American Economic Association
2020
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