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Policy research working paper 4875:

This paper provides empirical estimates of the impacts of 'natural' disasters on different forms of capital (with a focus on human and intangible capital and natural capital), and on real gross domestic product per capita. The types of disaster considered are droughts, earthquakes, floods, and storms and their impacts are measured in terms of the number of people affected or people affected per capita.

The authors find statistically significant reductions of the values of human and intangible capital and land capital as a consequence of the disasters, and these reductions are greater when the impacts last for longer periods.