2021
DOI: 10.46557/001c.27017
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Impact of Natural Disasters on Energy Consumption: Evidence From Indian States

Abstract: This study investigates the impact of natural disasters on energy consumption across selected Indian states from 1996 to 2019. Using the system generalized method of moments, we examine whether the frequent occurrence of floods and droughts alters India's energy demand. Our findings show considerable variation in the relation between natural disasters and energy consumption. Generally, we find that natural disasters, as measured by the magnitude of floods and a drought dummy, have an adverse impact on per capi… Show more

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Cited by 8 publications
(2 citation statements)
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References 18 publications
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“…Additionally, natural calamities can disrupt the supply of electricity and cause power outages, which can cause accidents and deaths, thus reducing the country's labor force and human capital and negatively impacting innovation performance. Rakshit (2021) explained further that the influence of natural disasters on energy use is commonly associated with power outages. This brings some economic activities such as production, transportation (movement of goods and services), banking, communication, and other activities to a halt and negatively affects the nation's innovativeness and long-term growth.…”
Section: Literature Review and Hypothesis Developmentmentioning
confidence: 99%
“…Additionally, natural calamities can disrupt the supply of electricity and cause power outages, which can cause accidents and deaths, thus reducing the country's labor force and human capital and negatively impacting innovation performance. Rakshit (2021) explained further that the influence of natural disasters on energy use is commonly associated with power outages. This brings some economic activities such as production, transportation (movement of goods and services), banking, communication, and other activities to a halt and negatively affects the nation's innovativeness and long-term growth.…”
Section: Literature Review and Hypothesis Developmentmentioning
confidence: 99%
“…First, our research adds to a series of studies on severe events, particularly the COVID-19 event. Extreme events, such as natural disasters or geopolitical concerns, will have a substantial effect on the stock market or the energy industry ( Kong et al, 2021 , Xie et al, 2021 , Rakshit, 2021 , Gu et al, 2021 ). As a catastrophic event, COVID-19 has significantly affected the stock market and the energy industry ( Karavias et al, 2022 , Si et al, 2021 , Narayan, 2021 ).…”
Section: Introductionmentioning
confidence: 99%