Geography, depreciation, and growth
Geography, depreciation, and growth
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地理、折旧和增长
DOI：
10.1257/aer.p20151029
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发表时间：
2015
期刊：
影响因子：
--
通讯作者：
A. Jina
中科院分区：
文献类型：
--
作者：
S. Hsiang;A. Jina
有人提出地理影响经济增长的原因有很多。以前对比较发展的分析似乎回避了与地点有关的贬值问题。然而，热带气旋暴露的新措施的建立使我们能够考虑这一单一资本折旧来源的潜在影响。利用对热带气旋造成的资产破坏的估计，我们确定了“沙堡折旧率”，并通过查看平均增长率找到了基于位置的折旧的支持。这导致我们提出异质性和地理依赖的折旧率可能在全球经济发展模式中发挥重要作用。
It has been proposed that geography influences economic growth for many reasons. Previous analyses of comparative development seem to have sidestepped the question of location-dependent depreciation. However the construction of new measures of tropical cyclone exposure enables us to consider the potential impact of this single source of capital depreciation. Using an estimate of asset destruction due to tropical cyclones, we identify the "sandcastle depreciation" rate, and find support for location-dependent depreciation by looking at average growth rates. This leads us to propose that heterogeneous and geographically-dependent depreciation rates may play an important role in global patterns of economic development.