02268cas a2200313 a 4500 AALejournalIMF017173 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475544763 1018-5941 BD-DhAAL BD-DhAAL Acevedo Mejia, Sebastian. Gone with the Wind : Estimating Hurricane and Climate Change Costs in the Caribbean / Sebastian Acevedo Mejia. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (40 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 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. Mode of access: Internet Nominal GDP imf Storm Damage imf Wind Velocity imf Wind-Damage Elasticity imf WP imf Antigua and Barbuda imf IMF Working Papers; Working Paper ; No. 2016/199 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/199/001.2016.issue-199-en.xml IMF e-Library