Journal of Japan Society of Civil Engineers, Ser. D3 (Infrastructure Planning and Management)
Online ISSN : 2185-6540
ISSN-L : 2185-6540
Infrastructure Planning and Management Vol.33 (Special Issue)
INVESTIGATING THE RELATION BETWEEN NATURAL DISASTERS AND ECONOMIC GROWTH USING CROSS-COUNTRY AND SECTOR-BASED MACROECONOMIC DATA
Daisuke FUKUDASo-ichiro ENDO
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2016 Volume 72 Issue 5 Pages I_293-I_303

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Abstract

This study examined the causal relationship between natural disasters and economic growth. We set up an econometric model to analyze cross-country and sector-based macroeconomic data jointly with several indices of natural disasters. We found that i) natural disasters may affect GDP growth positively but not statically significant; ii) for the growth of each economic sector the effect of natural disaster would be different. Furthermore, we found that major estimation results would be consistent with the hypothesis called “Productivity Effect of Natural Disasters” proposed by past theoretical studies.

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© 2016 Japan Society of Civil Engineers
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