The economic impact of disasters in Pacific island countries

Estimation and application to economic planning

Dados Bibliográficos

ID21791850
AutoresDongyeol Lee (0000-0001-9359-8117, Bank of Korea, autor correspondente), Huan Zhang (0000-0002-0191-9065, Cone Health)
Ano2023
Volume15
Fascículo3
Páginas251-267
Data de publicação2023-03-16
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoClimate and Development (JOURNAL)
Identificadores do periódicoISSN: 1756-5529 • E-ISSN: 1756-5537
EditoraInforma UK Limited (PUBLISHER • GB)
DOI10.1080/17565529.2022.2077690
OpenAlexW4282554938
IdiomaEN
Referências citadas49

Pacific island countries are highly vulnerable to destructive and unpredictable disasters. This paper identifies the intensity of disasters for each country in the Pacific based on the distribution of economic damages and population affected by disasters, and estimates the impact of disasters on economic growth and international trade using a panel regression method. The results show that ‘severe’ disasters have a negative and significant impact on economic growth and lead to a deterioration of the trade balance. Going further, this paper proposes a simple and consistent approach to incorporate disaster risks for economic planning. Better incorporating the economic impact of disasters in the medium- and long-term economic planning would help policy-makers improve policy decisions and to be better prepared for disasters

Business · Damages · Development economics · Economic growth · Economic impact analysis · Economics · Emergency management · Estimation · Geography · Natural disaster · Natural resource economics · Political science · Population · Agricultural risk and resilience · Climate Change, Adaptation, Migration · Disaster Management and Resilience