Do Political Economy Factors Influence Funding Allocations for Disaster Risk Reduction?

Shafiqul Islam, Khondker Mohammad Zobair, Cordia Chu, James C. R. Smart and Md Samsul Alam
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Shafiqul Islam: School of Environment and Science, Griffith University, Nathan, QLD 4111, Australia
Khondker Mohammad Zobair: Business School, Griffith University, Nathan, QLD 4111, Australia
Cordia Chu: Centre for Environment and Population Health, School of Medicine, Griffith University, Nathan, QLD 4111, Australia
James C. R. Smart: School of Environment and Science, Griffith University, Nathan, QLD 4111, Australia
Md Samsul Alam: Leicester Castle Business School, De Montfort University, Leicester LE1 9BH, UK

JRFM, 2021, vol. 14, issue 2, 1-20

Abstract: Considering the importance of political economy in implementing Disaster Risk Reduction (DRR), this research investigates the significance of political economy in the distribution of DRR funding in Bangladesh. The study analysed data from self-reported surveys from 133 members of the sub-district level disaster management committee and government officials working with DRR. Employing the Partial Least Squares Structural Equation Modeling (PLS-SEM) method, we find that political economy factors explain 68% of the variance in funding allocations. We also show that four categories of political economy factors—power and authority, interest and incentives, institutions, and values and ideas—are significantly influential over the distribution of DRR funding across subdistricts of Bangladesh. Our findings offer important policy implications to reduce the potential risks surrounding political economy influences in fund allocation and advance climate finance literature.

Keywords: Bangladesh; disaster risk reduction (DRR); fund distribution; PLS-SEM; political economy; climate finance (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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