Do remittances dampen the effect of natural disasters on output growth volatility in developing countries?

Jean-Louis Combes and Christian Hubert Ebeke ()

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Abstract: This article examines whether or not remittance inflows help mitigate the effects of natural disasters on the volatility of the real output per capita growth rate. Using a large sample of developing countries and mobilizing a dynamic panel data framework, it uncovers a diminishing macroeconomic destabilizing consequence of natural disasters as remittance inflows rise. It appears that the effect of natural disasters disappears for a remittance ratio above 8% of the Gross Domestic Product (GDP). However, remittances aggravate the destabilizing effects of natural disasters when they exceed 17% of the GDP. Finally, the article shows that current and lagged remittance inflows significantly reduce the number of people killed by natural disasters and the number of people affected, respectively.

Keywords: Natural disasters; output growth volatility; Remittances (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (25)

Published in Applied Economics, 2013, 45 (16), pp.2241-2254

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Related works:
Journal Article: Do remittances dampen the effect of natural disasters on output growth volatility in developing countries? (2013)
Working Paper: Do remittances dampen the effect of natural disasters on output growth volatility in developing countries? (2011)
Working Paper: Do remittances dampen the effect of natural disasters on output growth volatility in developing countries? (2011)
Working Paper: Do remittances dampen the effect of natural disasters on output growth volatility in developing countries? (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00913613

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