Economic impact of natural disasters' fatalities

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 dom...

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Veröffentlicht in:International journal of social economics 2010-01, Vol.37 (6), p.429-441
Hauptverfasser: Padli, Jaharudin, Shah Habibullah, Muzafar, Baharom, A.H
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container_end_page 441
container_issue 6
container_start_page 429
container_title International journal of social economics
container_volume 37
creator Padli, Jaharudin
Shah Habibullah, Muzafar
Baharom, A.H
description 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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source Applied Social Sciences Index & Abstracts (ASSIA); Emerald A-Z Current Journals
subjects Accounting
Consumption
Correlation
Disasters
Earthquakes
Economic conditions
Economic development
Economic impact
Economic impact analysis
Education
Educational attainment
Emergency preparedness
Fatalities
GDP
Gross Domestic Product
Human capital
Income distribution
International
Land area
Methodology
Mortality
Natural disasters
Per capita
Society
Studies
title Economic impact of natural disasters' fatalities
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