What are countries at the two opposite extremes in macroeconomic performance?

Recent empirical research has shown that output and GDP per capita in the aftermath of natural disasters are not necessarily lower than before the event. In many cases, both are not significantly affected and, surprisingly, sometimes they are found to respond positively to natural disasters. Here, we propose a novel economic theory that explains these observations. Specifically, we show that GDP is driven above its pre-shock level when natural disasters destroy predominantly durable consumption goods (cars, furniture, etc.). Disasters destroying mainly productive capital, in contrast, are predicted to reduce GDP. Insignificant responses of GDP can be expected when disasters destroy both, durable goods and productive capital. We extend the model by a residential housing sector and show that disasters may also have an insignificant impact on GDP when they destroy residential houses and durable goods. We show that disasters, irrespective of whether their impact on GDP is positive, negative, or insignificant, entail considerable losses of aggregate welfare.

dahplanation:

"everyday

use" was written by alice walker. this is a story about two sisters, dee

and maggie wanting to have the handmade quilt. maggie wants to use the thing

for its purpose, while dee appreciates it for being “her heritage”.   the quilt represents family heritage. it was

believed that only dedication and years of hard work can represent a  quilt. 

mama decided to give

the quilts to her less fortunate daughter, maggie because she believed that dee

could not hold the true meaning of their family heritage and   that she would not use the quilts for their

purpose. however, dee believed that maggie can’t appreciate the quilts just as

how she sees them, and she thought that the quilt will be put to “everyday use”

by maggie and within 5 years or so, the quilt will turn into a rag. in the story, dee strongly believed that maggie do not deserve the quilts.

explanation:

have a great day!

the present continuous is a verb tense which is mainly used to indicates that an action is in progress at the moment of speaking.  

it is formed using: person + verb to be (am/is/are) +verb + - ing form  

example: i am studying at this moment .

in addition, the present continuous is also used in order to express things that will or will not happen in the near future.

example: i am having dinner with some friends tonight.

the speaker sometimes   uses it   to express that an action is repeated and it causes irritation on the part of the speaker

example: my sister is constantly complaining about everything.