Natural Disasters and Growth: Going beyond the Averages
Washington; The World Bank. East Asia and Pacific Social Protection Unit;Development Research Group; june 2009. 42 p. tab, graf.(Policy Research Working, Paper 4980).
Monography
en En
| DESASTRES
| ID: des-17595
Biblioteca responsable:
CR3.1
There has been a steady increase in the occurrence of natural disasters. Yet their effect on economic growthremains unclear, with some studies reporting negative,and others indicating no, or even positive effects. These seemingly contradictory findings can be reconciled by exploring the effects of natural disasters on growth separately by disaster and economic sector. This is consistent with the insights from traditional models of economic growth, where production depends on total factor productivity, the provision of intermediate outputs, and the capital-labor ratio, as well as the existence of important intersector linkages. Applying a dynamic Generalized Method of Moments panel estimator to a 1961û2005 cross-country panel, three major insights emerge. First, disasters affect economic growth - but not always negatively, and differently across disasters and economic sectors. Second, although moderate disasters can have a positive growth effect in some sectors, severe disasters do not.Third, growth in developing countries is more sensitive to natural disastersùmore sectors are affected and the magnitudes are non-trivial.
Texto completo:
1
Colección:
05-specialized
Base de datos:
DESASTRES
Asunto principal:
Impacto de los Desastres
/
Desastres
Tipo de estudio:
Prognostic_studies
Idioma:
En
Revista:
Policy Research Working
Año:
2009
Tipo del documento:
Monography
Pais de publicación:
EEUU
/
ESTADOS UNIDOS
/
ESTADOS UNIDOS DA AMERICA
/
EUA
/
UNITED STATES
/
UNITED STATES OF AMERICA
/
US
/
USA