Natural Disasters, Foreign Development Assistance and Economic Growth in South Asian Countries

Muhammad Ramzan Sheikh, Mahnoor Sayal, Sabira Dilawar, Sidra Ilyas and Asad Abbas
Additional contact information
Muhammad Ramzan Sheikh: Professor of Economics, School of Economics, Bahauddin Zakariya University Multan, Pakistan
Mahnoor Sayal: MPhil Student, School of Economics, Bahuddin Zakariya University, Multan, Pakistan
Sabira Dilawar: Lecturer in Economics, Department of Economics, The Women University Multan, Pakistan
Sidra Ilyas: Assistant Professor, School of Economics, Bahauddin Zakariya University Multan, Pakistan
Asad Abbas: Lecturer in Economics, Department of Economics, COMSATS University Islamabad Vehari Campus, Pakistan

Bulletin of Business and Economics (BBE), 2025, vol. 13, issue 3, 703-718

Abstract: Disasters caused by nature are natural occurrences. Due to global climate change, natural disasters become more frequent and destructive. Natural disasters disproportionately impact developing countries, resulting in significant economic and human casualties. We have utilized panel data from five selected South Asian nations (Pakistan, India, Nepal, Bangladesh, and Sri Lanka) spanning from 1971 to 2020 and applied the Panel ARDL and Causality test. This study examines whether foreign development assistance has a positive and statistically significant effect on economic growth. Natural disasters have a statistically significant and negative effect on economic growth. The results of the causality test indicate that each variable influences the others. Natural disasters have a detrimental effect on economic growth, which is mitigated by foreign development assistance. Government officials and planners may find some policy implications in this study.

Keywords: Net official development assistance; Natural disasters; Gross Domestic Product Growth; Trade; Broad money government final consumption expenditure (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://bbejournal.com/index.php/BBE/article/view/1081/1232 (application/pdf)
https://bbejournal.com/index.php/BBE/article/view/1081 (text/html)

Related works:
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:rfh:bbejor:v:13:y:2025:i:3:p:703-718

Access Statistics for this article

Bulletin of Business and Economics (BBE) is currently edited by Dr. Muhammad Irfan Chani

More articles in Bulletin of Business and Economics (BBE) from Research Foundation for Humanity (RFH) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Irfan Chani ( this e-mail address is bad, please contact ).