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Economic impact of natural disasters' fatalities


Padli, Jaharudin and Habibullah, Muzafar Shah and Abdul Hamid, Baharom (2010) Economic impact of natural disasters' fatalities. International Journal of Social Economics, 37 (6). pp. 429-441. ISSN 0306-8293; ESSN: 1758-6712


Purpose: The purpose of this paper is to find the meaningful relationship between the economic impact of the natural disaster and economic condition. Design/methodology/approach: The paper employed cross-sectional analysis to investigate the relationship between economic condition namely, gross domestic product per capita (GDPpc); gross domestic product per capita squared (GDPpc2); government consumption ratio to GDP (gc); ratio of M2 over GDP(M2); years of schooling attainment (sc); land area and finally; population and the economic impact of natural disasters, whereby ten types of natural disasters were chosen. The degree to which the human and economic losses due to these ten natural disasters were measured by, the variables selected are, number of killed; total affected; and ratio of total damage to GDP. Three different points of time were regressed, namely, 1985, 1995, and 2005 covering 73 countries. Findings: Results clearly indicate that there seems to be meaningful relationship between the economic impact of natural disasters and economic conditions. Practical implications: The paper provides some evidence on the important role of economic condition in minimizing the impact of natural disasters. Originality/value: The paper incorporates a comprehensive list of explanatory variables in accounting for natural disaster fatalities.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
DOI Number: https://doi.org/10.1108/03068291011042319
Publisher: Emerald Group Publishing
Keywords: Natural disasters; Economic conditions
Depositing User: Nabilah Mustapa
Date Deposited: 05 Oct 2018 09:53
Last Modified: 05 Oct 2018 09:53
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1108/03068291011042319
URI: http://psasir.upm.edu.my/id/eprint/14187
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