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The long-run effect of economic disasters |
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| Authors: | Bruno Ćorić |
| Affiliation: | Faculty of Economics, University of Split, Split, Croatia |
| Abstract: | This article investigates the long-run consequences of economic disasters. The results suggest the negative long-run effect of economic disasters on output growth and the limited empirical importance of the investment channel. |
| Keywords: | Economic disasters output growth investment output volatility |