The Impact of Natural Disasters on Economic Growth

This study re-examines the impact of natural disasters on economic growth in the perspective of developed and developing countries. Based on panel data consisting of developing and developed countries over the period 1990-2019 and using different statistical techniques we find that i) Developing countries agricultural growth impacted twice as much severely as the agricultural growth of developed countries. ii) While per capita GDP growth of developing countries is impacted severely, the developed countries don't have any statistical impact. The study confirms the finding of previous studies such as Panwar and Sen (2019) , and Nishizawa et al (2019) that the economic impact of natural disasters are statistically stronger in developing countries.