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 do...

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Main Authors: Padli, Jaharudin, Habibullah, Muzafar Shah, Abdul Hamid, Baharom
Format: Article
Language:English
Published: Emerald Group Publishing 2010
Online Access:http://psasir.upm.edu.my/id/eprint/14187/
http://psasir.upm.edu.my/id/eprint/14187/1/Economic%20impact%20of%20natural%20disasters%27%20fatalities.pdf
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author Padli, Jaharudin
Habibullah, Muzafar Shah
Abdul Hamid, Baharom
author_facet Padli, Jaharudin
Habibullah, Muzafar Shah
Abdul Hamid, Baharom
author_sort Padli, Jaharudin
building UPM Institutional Repository
collection Online Access
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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spelling upm-141872018-10-05T09:53:30Z http://psasir.upm.edu.my/id/eprint/14187/ Economic impact of natural disasters' fatalities Padli, Jaharudin Habibullah, Muzafar Shah Abdul Hamid, Baharom 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. Emerald Group Publishing 2010 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/14187/1/Economic%20impact%20of%20natural%20disasters%27%20fatalities.pdf 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 https://www.emeraldinsight.com/doi/abs/10.1108/03068291011042319 10.1108/03068291011042319
spellingShingle Padli, Jaharudin
Habibullah, Muzafar Shah
Abdul Hamid, Baharom
Economic impact of natural disasters' fatalities
title Economic impact of natural disasters' fatalities
title_full Economic impact of natural disasters' fatalities
title_fullStr Economic impact of natural disasters' fatalities
title_full_unstemmed Economic impact of natural disasters' fatalities
title_short Economic impact of natural disasters' fatalities
title_sort economic impact of natural disasters' fatalities
url http://psasir.upm.edu.my/id/eprint/14187/
http://psasir.upm.edu.my/id/eprint/14187/
http://psasir.upm.edu.my/id/eprint/14187/
http://psasir.upm.edu.my/id/eprint/14187/1/Economic%20impact%20of%20natural%20disasters%27%20fatalities.pdf