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Financing the reconstruction of public capital after a natural disaster

Abstract:

When a natural disaster destroys public capital, these direct losses are exacerbated by indirect losses arising from reduced output while reconstruction takes place. These indirect losses may be much larger, relative to the direct ones, in low-income countries, because they lack the finance for rapid reconstruction. This paper uses a dynamic general equilibrium model to examine sovereign disaster risk insurance, increased taxation, and budget reallocation as alternative financing mechanisms f...

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Publication status:
Published
Peer review status:
Reviewed (other)

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Institution:
University of Oxford
Division:
SSD
Department:
International Development
Oxford college:
St Cross College
Role:
Author
ORCID:
0000-0002-3247-9437
Publisher:
World Bank Group Publisher's website
Volume:
1
Issue:
7718
Pages:
1-43
Series:
World Bank
Host title:
World Bank Policy Research Working Paper
Publication date:
2016-06-21
Source identifiers:
679550
Paper number:
1
Keywords:
Pubs id:
pubs:679550
UUID:
uuid:d84c95ab-9c88-45f5-bd3c-4417839fcdbf
Local pid:
pubs:679550
Deposit date:
2019-04-09

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