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Role of Governance in Developing Disaster Resiliency and Its Impact on Economic Sustainability

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  • Stavros Kalogiannidis

    (Department of Business Administration, University of Western Macedonia, 51100 Grevena, Greece)

  • Dimitrios Kalfas

    (Department of Agriculture, Faculty of Agricultural Sciences, University of Western Macedonia, 53100 Florina, Greece)

  • Fotios Chatzitheodoridis

    (Department of Regional and Cross-Border Development, University of Western Macedonia, 50100 Kozani, Greece)

  • Efthymios Lekkas

    (Department of Dynamic Tectonic Applied Geology, Faculty of Geology and Geoenvironment, School of Sciences, National and Kapodistrian University of Athens, 15784 Athens, Greece)

Abstract

This study explores the role played by governance in developing disaster resiliency and its impact on economic sustainability in Greece. Descriptive research was undertaken, and data were collected from 180 local governance leaders in Western Macedonia, Greece, to gain a deeper understanding of the role of governance in developing disaster resiliency and economic sustainability. The study confirmed the hypothesis that the focus of governance in developing disaster resiliency positively affects economic sustainability. The ability of governance to develop disaster resiliency and economic sustainability is mostly through leadership, engaging civil society, and international cooperation. These roles played by governance are also influenced by different political, economic, cultural, and social aspects, which all have an impact on the risk governance systems that cut across levels of resource assurance, technical support, and disaster risk management. Governance may have a significant impact on the overall design of rules and systems, including legislation, different decision-making procedures, and policy-implementation mechanisms, via political leadership. In terms of economics, the primary responsibility of governance is to support disaster risk-reduction systems. Governance must encourage risk awareness on a national basis through intensive disaster risk research, technological development, disaster-reduction education, and emergency response skills practice.

Suggested Citation

  • Stavros Kalogiannidis & Dimitrios Kalfas & Fotios Chatzitheodoridis & Efthymios Lekkas, 2023. "Role of Governance in Developing Disaster Resiliency and Its Impact on Economic Sustainability," JRFM, MDPI, vol. 16(3), pages 1-22, February.
    • Handle: RePEc:gam:jjrfmx:v:16:y:2023:i:3:p:151-:d:1079262
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    2. Dinan, Terry, 2017. "Projected Increases in Hurricane Damage in the United States: The Role of Climate Change and Coastal Development," Ecological Economics, Elsevier, vol. 138(C), pages 186-198.
    3. Flores, Adrián & Peralta Quesada, Leda, 2020. "The enhancement of resilience to disasters and climate change in the Caribbean through the modernization of the energy sector," Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean 45098, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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    Cited by:

    1. Stavros Kalogiannidis & Stamatis Kontsas & Dimitrios Kalfas & Fotios Chatzitheodoridis, 2024. "Operational risk management in managerial accounting: a comprehensive examination of strategies and implementation in medium size organizations," Operational Research, Springer, vol. 24(3), pages 1-27, September.

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