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 (GDPpc 2 ); 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.
Countries with high levels of human development should be able to reduce the impact of natural disasters in terms of the total numbers of people killed and affected, and damage. In this study we investigate the impact of human development indicators such as income per capita and human capital (education level) on natural disaster fatalities (total deaths, total affected and total economic losses) in 79 selected countries. Using dynamic panel data analysis, we found that the level of economic development plays an important role in mitigating the impact of natural disasters such as droughts, earthquakes, extreme temperatures, floods, storms, volcanoes, landslides and wildfires. Other factors that are found to determine the number of natural disaster fatalities include population, population density, unemployment, investment, government consumption, openness, education and corruption. Using the dynamic panel data model, we found that education, investment, government consumption and openness display an inverse relationship, while population and population density have a direct positive relationship.
The purpose of the present study is to investigate the relationship between disaster fatalities with the level of economic development, years of schooling, land area and population for a panel of fifteen Asian countries over the sample period over 1970 to 2005. Our results indicates that the relationship between disaster losses and the level of economic development is nonlinear in nature suggesting that at lower income level, a country is more disaster resilience but at higher income level, an economy become less disaster resistant. Other disaster determinants of interest is the level of education which suggests that educational attainment reduces human fatalities as a result of disaster; larger population will increase death toll and larger land area will reduce disaster fatalities.
Terrorism is one of the most serious, damaging, and disturbing problems nowadays. Terrorism attacks are intended to apply sufficient pressure on a government so that it grants political and economic concessions. This study aims to investigate the impacts of terrorism on economic growth (GDP) and foreign direct investment (FDI) in Developing Asian Countries: Malaysia, Indonesia, and Philippines. The panel data was collected from World Bank Data Malaysia and the Department of Statistics Malaysia from 1999 to 2016 for each selected country. This study uses the panel data regressions to analyze the data by using the Pooled Ordinary Least Square (POLS), Fixed Effect (FE), and Random Effect (RE). This study showed that gross domestic product and foreign direct investment have a negative relationship with terrorism in Malaysia, Indonesia, and Philippines. The overall research or findings of this study can guide the government to identify the ways to prevent or manage to sustain terrorist attacks without displaying economic growth and foreign direct investment consequences.
Water resources are important to society and ecosystems. This paper aims to determine the factors affecting the water resources for 13 states in Malaysia for a period from 2007 to 2012 by using panel data. The model includes the dependent variable, namely water resources and independent variables comprising climate change, water consumption, population density, and income per capita. The results indicate that the climate change will influence the availability, quantity and quality of water resources. As a result, the water consumption will change as consumers use more water during the dry season. This finding is useful in future studies which aim at assessing the impact of climate change in managing the water resources efficiently and effectively towards sustainability of water resources for the future generation.
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