LEADER 04366oam 22009614 450 001 9910154898703321 005 20230808205458.0 010 $a1-4755-4478-2 010 $a1-4755-4481-2 035 $a(CKB)4340000000018110 035 $a(MiAaPQ)EBC4745308 035 $a(IMF)WPIEA2016199 035 $a(EXLCZ)994340000000018110 100 $a20020129d2016 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aGone with the Wind : $eEstimating Hurricane and Climate Change Costs in the Caribbean /$fSebastian Acevedo Mejia 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2016. 215 $a1 online resource (41 pages) $cillustrations, tables 225 1 $aIMF Working Papers 311 $a1-4755-4476-6 320 $aIncludes bibliographical references. 330 3 $aThis paper studies the economic costs of hurricanes in the Caribbean by constructing a novel dataset that combines a detailed record of tropical cyclones? characteristics with reported damages. I estimate the relation between hurricane wind speeds and damages in the Caribbean; finding that the elasticity of damages to GDP ratio with respect to maximum wind speeds is three in the case of landfalls. The data show that hurricane damages are considerably underreported, particularly in the 1950s and 1960s, with average damages potentially being three times as large as the reported average of 1.6 percent of GDP per year. I document and show that hurricanes that do not make landfall also have considerable negative impacts on the Caribbean economies. Finally, I estimate that the average annual hurricane damages in the Caribbean will increase between 22 and 77 percent by the year 2100, in a global warming scenario of high CO2 concentrations and high global temperatures. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2016/199 606 $aClimatic changes$zCaribbean Area$xMathematical models 606 $aHurricanes$xEconomic aspects$zCaribbean Area$xMathematical models 606 $aGross domestic product$zCaribbean Area$xMathematical models 606 $aEnvironmental Economics$2imf 606 $aNatural Disasters$2imf 606 $aEnvironmental Conservation and Protection$2imf 606 $aEnergy$2imf 606 $aValuation of Environmental Effects$2imf 606 $aClimate$2imf 606 $aNatural Disasters and Their Management$2imf 606 $aGlobal Warming$2imf 606 $aCriteria for Decision-Making under Risk and Uncertainty$2imf 606 $aEconomywide Country Studies: Latin America$2imf 606 $aCaribbean$2imf 606 $aAlternative Energy Sources$2imf 606 $aNatural disasters$2imf 606 $aClimate change$2imf 606 $aEnvironmental management$2imf 606 $aEnvironment$2imf 606 $aGreenhouse gas emissions$2imf 606 $aRenewable energy$2imf 606 $aClimatic changes$2imf 606 $aGreenhouse gases$2imf 606 $aRenewable energy sources$2imf 607 $aAntigua and Barbuda$2imf 615 0$aClimatic changes$xMathematical models. 615 0$aHurricanes$xEconomic aspects$xMathematical models. 615 0$aGross domestic product$xMathematical models. 615 7$aEnvironmental Economics 615 7$aNatural Disasters 615 7$aEnvironmental Conservation and Protection 615 7$aEnergy 615 7$aValuation of Environmental Effects 615 7$aClimate 615 7$aNatural Disasters and Their Management 615 7$aGlobal Warming 615 7$aCriteria for Decision-Making under Risk and Uncertainty 615 7$aEconomywide Country Studies: Latin America 615 7$aCaribbean 615 7$aAlternative Energy Sources 615 7$aNatural disasters 615 7$aClimate change 615 7$aEnvironmental management 615 7$aEnvironment 615 7$aGreenhouse gas emissions 615 7$aRenewable energy 615 7$aClimatic changes 615 7$aGreenhouse gases 615 7$aRenewable energy sources 676 $a551.6 700 $aAcevedo Mejia$b Sebastian$01451313 801 0$bDcWaIMF 906 $aBOOK 912 $a9910154898703321 996 $aGone with the Wind$93654633 997 $aUNINA