The Economic Development Impact of Natural Disasters in APEC Countries (1999-2013)

Inez Novialita Primantia (), Femmy Roeslan () and Fithra Hastiadi
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Inez Novialita Primantia: Department of Economics, Faculty of Economics and Business, Universitas Indonesia, Depok, 16424, Indonesia
Femmy Roeslan: Department of Economics, Faculty of Economics and Business, Universitas Indonesia, Depok, 16424, Indonesia

No 201606, Working Papers in Economics and Business from Faculty of Economics and Business, University of Indonesia

Abstract: Previous empirical literature has found that income reduced disaster risks in a form of human loss. This study will add socio-economic variables, such as trade openness, size of government and corruption level as well as economic damages as another disaster impact measurement. This study utilizes disaster impact data over 15 years span on 18 APEC economies, and have found that utilizing pooled least squares, random and fixed effect model, human losses and economic damages as a form of disaster risks reduced with higher income per capita, higher educational attainment and trade openness, accompanied with smaller government size and lower corruption level a country experience.

Keywords: Economic Development; Natural Disasters; Trade; GDP per capita; Government Expenditure; Corruption. (search for similar items in EconPapers)
Pages: 18 pages
Date: 2016-05, Revised 2016-05
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