From adversity to triumph: Türkiye's economic resilience and adaptation strategies amidst disasters

Erick Okoth
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Erick Okoth: Sakarya University, Turkey

Theoretical and Applied Economics, 2025, vol. XXXII, issue 3(644), Autumn, 301-322

Abstract: This study investigates the macroeconomic impacts of disasters in Türkiye from 1999 to 2023 using ARDL and Impulse Response Functions. Findings reveal that disaster-induced economic losses significantly reduce GDP per capita in both the short and long run. However, a rise in disaster victims appears to stimulate growth due to reconstruction and aid flows. Capital accumulation drives growth, while ODA has a temporary negative effect. Insurance and financial services consistently hamper growth, suggesting weak risk-transfer mechanisms. The study advocates strengthened financial resilience, increased recovery spending, and enhanced international cooperation to mitigate disaster risks and promote sustainable economic stability.

Keywords: disasters; economics; ARDL; IRFs; Türkiye. (search for similar items in EconPapers)
Date: 2025
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