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We present a dynamic small open economy model to explore the macroeconomic impact of natural disasters. In addition to permanent damages to public and private c

Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of

We present a dynamic small open economy model to explore the macroeconomic impact of natural disasters. In addition to permanent damages to public and private c

Some small states enjoy relatively high GDP per capita –giving the impression of economic strength – when in reality these economies are fragile and disprop

'Economic losses from natural disasters totaled $92 billion in 2015.' Such statements, all too commonplace, assess the severity of disasters by no other measure