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Natural DisastersNatural disasters and Income InequalityIncome inequalities in South Asia: An FGLS Panel Analysis

In: Critical Perspectives on Emerging Economies

Author

Listed:
  • Pushp Kumar

    (Indian Institute of Technology)

  • Naresh Chandra Sahu

    (Indian Institute of Technology)

  • Siddharth Kumar

    (Indian Institute of Technology)

Abstract

The existing literature on the relationship between natural disasters and economic growth is adequate. However, it has not focused on how natural disasters impact the distribution of income in an economy. This chapter aims to critically analyze the effects of natural disasters on income inequality in selected South Asian countries during 1967–2014. The selected South Asian countries for the study include India, Bangladesh, Nepal, Pakistan, and Sri Lanka. The study uses the feasible generalized least squares (FGLS) panel model to address the first-order serial correlation and panel group-wise heteroscedasticity problem. The frequencies of natural disasters have been used as proxies for natural disasters. We use Gini coefficients, Palma ratio, and Atkinson index as the proxies for income inequality. The results of the study show that natural disasters occurred in the same year, 1-year lag, 2-year lag, and 3-year lag have a positive impact on income inequality in South Asian countries. While the effect of natural disasters occurred in the 4-year lag and 5-year lag on income inequality is not observed.

Suggested Citation

  • Pushp Kumar & Naresh Chandra Sahu & Siddharth Kumar, 2021. "Natural DisastersNatural disasters and Income InequalityIncome inequalities in South Asia: An FGLS Panel Analysis," Contributions to Economics, in: Aswini Kumar Mishra & Vairam Arunachalam & Debasis Patnaik (ed.), Critical Perspectives on Emerging Economies, chapter 0, pages 27-39, Springer.
    • Handle: RePEc:spr:conchp:978-3-030-59781-8_3
    DOI: 10.1007/978-3-030-59781-8_3
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    More about this item

    Keywords

    Natural disasters; South Asian countries; FGLS panel model; Income inequality;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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