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Disaster Probability, Optimal Government Expenditure for Disaster Prevention and Mitigation, and Expected Economic Growth Read chapter Read first chapter

2021 | OriginalPaper | Chapter

3. Natural Disasters and Economic Growth―An Empirical Study Using Provincial Panel Data of China

Authors : Prof. Xianhua Wu, Prof. Ji Guo

Published in: Economic Impacts and Emergency Management of Disasters in China

Publisher: Springer Nature Singapore

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Abstract

Natural disasters have been happening more frequently in the world in recent years. Different groups of economists have different opinions towards the economic impact after these natural disasters. One group believes that natural disasters will promote the economic growth in the area where natural disasters occurred and the other believes strongly that natural disasters will hinder economic growth. In this paper, we based on the provincial panel data between 2000 and 2010 in China including 31 provinces and categorized natural disasters into two different groups, i.e. meteorological and geological disasters. It has been found that meteorological disasters promote economic growth through the accumulation of physical capital, while the geological disasters have been found with no significant relationship economic growth of the local economy.

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previous chapter A Multi-scale Periodic Study of PM2.5 Concentration in the Yangtze River Delta of China Based on Empirical Mode Decomposition-Wavelet Analysis
next chapter Comprehensive Economic Loss Assessment of Disaster Based on CGE Model and IO model—A Case Study on Beijing “7.21 Rainstorm”
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Metadata
Title
Natural Disasters and Economic Growth―An Empirical Study Using Provincial Panel Data of China
Authors
Prof. Xianhua Wu
Prof. Ji Guo
Copyright Year
2021
Publisher
Springer Nature Singapore
Book
Economic Impacts and Emergency Management of Disasters in China

Print ISBN: 978-981-16-1318-0

Electronic ISBN: 978-981-16-1319-7

Copyright Year: 2021

DOI
https://doi.org/10.1007/978-981-16-1319-7_3