Tropical cyclone losses in the USA and the impact of climate change: a trend analysis based on a new dataset
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Berlin: Deutsches Institut für Wirtschaftsforschung (DIW), 2008. (DIW Discussion Papers; No. 802).
Research output: Working paper › Working papers
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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 -