This study investigated the economic impact of tornadoes and damaging winds on county-level income growth in the United States from 1969 to 2023.Using a fi xed eff ect regression methodology,the analysis showed that a...This study investigated the economic impact of tornadoes and damaging winds on county-level income growth in the United States from 1969 to 2023.Using a fi xed eff ect regression methodology,the analysis showed that an average damaging storm and an average tornado reduced income growth in the aff ected counties by 0.16–0.23%and 0.21–0.23%,respectively,translating into a one-time growth loss of approximately USD 5.6 million and USD 6.3 million.The fi ndings also indicate that tornadoes have a 20%greater economic impact than damaging winds.This study underscored the unique challenges posed by tornadoes and damaging winds,which are characterized by their unpredictable nature and concentrated but extreme damage.展开更多
文摘This study investigated the economic impact of tornadoes and damaging winds on county-level income growth in the United States from 1969 to 2023.Using a fi xed eff ect regression methodology,the analysis showed that an average damaging storm and an average tornado reduced income growth in the aff ected counties by 0.16–0.23%and 0.21–0.23%,respectively,translating into a one-time growth loss of approximately USD 5.6 million and USD 6.3 million.The fi ndings also indicate that tornadoes have a 20%greater economic impact than damaging winds.This study underscored the unique challenges posed by tornadoes and damaging winds,which are characterized by their unpredictable nature and concentrated but extreme damage.
