Titelaufnahme

Titel
Cultural resilience, religion, and economic recovery : evidence from the 2005 hurricane season / Iftekhar Hasan, Stefano Manfredonia, Felix Noth
VerfasserHasan, Iftekhar ; Manfredonia, Stefano ; Noth, Felix
ErschienenHalle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [27. Juni 2021]
Ausgabe
This is a completely revised version
Umfang1 Online-Ressource (III, 67 Seiten) : Diagramme
SpracheEnglisch
SerieIWH-Diskussionspapiere ; 2021, no. 9 (June 2021)
Schlagwörterestablishment-level productivity / natural disasters / recovery / religion
URNurn:nbn:de:gbv:3:2-138566 
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Cultural resilience, religion, and economic recovery [7.97 mb]
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This paper investigates the critical role of religion in the economic recovery after high-impact natural disasters. Exploiting the 2005 hurricane season in the southeast United States we document that establishments in counties with higher religious adherence rates saw a significantly stronger recovery in terms of productivity for 2005-2010. Our results further suggest that a particular religious denomination does not drive the effect. We observe that different aspects of religion such as adherence shared experiences from ancestors and institutionalised features all drive the effect on recovery. Our results matter since they underline the importance of cultural characteristics like religion during and after economic crises.