the Caribbean; Section III estimates the wind-damagefunction and calculates the missing damages from the historical record. Section IV estimates the potential increase in storm damages due to climate change, and simulates damages in a climate change scenario with high global temperatures, and Section V concludes and discusses some policy recommendations. Finally, the appendix explains in detail the different data sources and the construction of the database.
II. Data and Stylized Facts
The Caribbean sample studied in this paper includes 20 islands; and all