Identifying the influence of natural disasters on technological innovation

Yin-E Chen, Chunyan Li, Chun-Ping Chang and Mingbo Zheng

Economic Analysis and Policy, 2021, vol. 70, issue C, 22-36

Abstract: We study the influence of natural disasters on technological innovation for a panel of 49 countries. After controlling for endogeneity issues and using several measures of natural disasters (occurrences, deaths, affected people, and economic damages) we find that natural disasters have a significantly negative effect on technological innovation. We also study the disaggregated effects of natural disasters and find that earthquakes, extreme temperatures, floods, and storms influence innovations most.

Keywords: Natural disasters; Technological innovation; Epidemic; Generalized method of moments (search for similar items in EconPapers)
JEL-codes: O31 Q54 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:70:y:2021:i:c:p:22-36

DOI: 10.1016/j.eap.2021.01.016

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