Institution and decomposition of natural disaster impact on growth

Eiji Yamamura ()

Journal of Economic Studies, 2013, vol. 40, issue 6, 720-738

Abstract: Purpose - – This paper aims to investigate whether natural disasters enhance efficiency improvement, capital accumulation and technological progress. Further, this paper examines whether the influence of naturals disasters depends on the legal origin. Design/methodology/approach - – For this purpose, by using long-term panel data, this paper decomposes productivity growth measured by the growth of output per labor unit into three components of efficiency improvement, capital accumulation and technological progress. Findings - – After controlling for countries' specific unobservable characteristics and year-specific effects, the paper found that impacts of natural disasters vary according to specification. However, the natural disasters enhance capital accumulation and technological progress for non-French legal origin countries, while the disasters have no effect on them for French legal origin countries. Originality/value - – The role played by natural disasters on capital accumulation and Schumpeterian creative destruction depends on historical institutional conditions. Hence, it is important to consider the interaction between exogenous shock and institutions when examining economic growth.

Keywords: Economic growth; Data envelopment analysis; Institution; Natural disasters (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
Working Paper: Institution and decomposition of natural-disaster impact on growth (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:jespps:v:40:y:2013:i:6:p:720-738

DOI: 10.1108/JES-01-2012-0006

Access Statistics for this article

Journal of Economic Studies is currently edited by Prof Mohsen Bahmani-Oskooee

More articles in Journal of Economic Studies from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().