TY - UNPB

T1 - Tropical cyclone losses in the USA and the impact of climate change

T2 - a trend analysis based on a new dataset

AU - Schmidt, Silvio

AU - Kemfert, Claudia

AU - Höppe, Peter

PY - 2008

Y1 - 2008

N2 - Economic losses caused by tropical cyclones have increased dramatically. It can be assumed that most losses are due to increased prosperity and a greater tendency for people to settle in exposed areas, but also that the growing incidence of severe cyclones is due to climate change. This paper aims to isolate the socio-economic effects and ascertain the potential impact of climate change on this trend. Storm losses for the period 1950-2005 have been adjusted to 2005 socio-economic values so that any remaining trend cannot be ascribed to socio-economic developments. In the period 1971-2005, losses excluding socio-economic effects show an annual increase of 4% per annum.

AB - Economic losses caused by tropical cyclones have increased dramatically. It can be assumed that most losses are due to increased prosperity and a greater tendency for people to settle in exposed areas, but also that the growing incidence of severe cyclones is due to climate change. This paper aims to isolate the socio-economic effects and ascertain the potential impact of climate change on this trend. Storm losses for the period 1950-2005 have been adjusted to 2005 socio-economic values so that any remaining trend cannot be ascribed to socio-economic developments. In the period 1971-2005, losses excluding socio-economic effects show an annual increase of 4% per annum.

KW - Economics

KW - tropical cyclones

KW - Climate change

KW - loss trends

KW - Sturm

KW - Soziale Kosten

KW - Klimaveränderung

KW - Sozialer Wandel

KW - USA

M3 - Working papers

T3 - DIW Discussion Papers

BT - Tropical cyclone losses in the USA and the impact of climate change

PB - Deutsches Institut für Wirtschaftsforschung (DIW)

CY - Berlin

ER -