Institution and decomposition of natural-disaster impact on growth

Eiji Yamamura ()

MPRA Paper from University Library of Munich, Germany

Abstract: We investigated whether natural disasters enhance efficiency improvement, capital accumulation, and technological progress. Furthermore, we examined whether the influence of natural disasters depends on the legal origin. By using long-term panel data, this paper decomposes productivity growth measured by the growth of output per labor unit into three components: efficiency improvement, capital accumulation, and technological progress. After controlling for countries’ specific unobservable characteristics and year-specific effects, we found that the impacts of natural disasters vary according to specifications. Natural disasters enhance capital accumulation and technological progress in non-French-civil-law countries, but have no effect in these areas in French-civil-law countries.

Keywords: Institution; DEA; Natural disaster (search for similar items in EconPapers)
JEL-codes: B15 O14 Q54 (search for similar items in EconPapers)
Date: 2011-12-21
New Economics Papers: this item is included in nep-eff
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Related works:
Journal Article: Institution and decomposition of natural disaster impact on growth (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:35537

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