01833cas a2200241 a 4500 AALejournalIMF014568 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498337601 1018-5941 BD-DhAAL BD-DhAAL Acevedo Mejia, Sebastian. Debt, Growth and Natural Disasters A Caribbean Trilogy / Sebastian Acevedo Mejia. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (47 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper seeks to determine the effects that natural disasters have on per capita GDP and on the debt to GDP ratio in the Caribbean. Two types of natural disasters are studied -storms and floods- given their prevalence in the region, while considering the effects of both moderate and severe disasters. I use a vector autoregressive model with exogenous natural disasters shocks, in a panel of 12 Caribbean countries over a period of 40 years. The results show that both storms and floods have a negative effect on growth, and that debt increases with floods but not with storms. However, in a subsample I find that storms significantly increase debt in the short and long run. I also find weak evidence that debt relief contributes to ease the negative effects of storms on debt. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2014/125 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/125/001.2014.issue-125-en.xml IMF e-Library