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Natural Disasters and Economic Growth―An Empirical Study Using Provincial Panel Data of China

In: Economic Impacts and Emergency Management of Disasters in China

Author

Listed:
  • Xianhua Wu

    (Shanghai Maritime University
    Nanjing University of Information Science and Technology)

  • Ji Guo

    (Shanghai Maritime University
    Nanjing University of Information Science and Technology)

Abstract

Natural disasters have been happening more frequently in the world in recent years. Different groups of economists have different opinions towards the economic impact after these natural disasters. One group believes that natural disasters will promote the economic growth in the area where natural disasters occurred and the other believes strongly that natural disasters will hinder economic growth. In this paper, we based on the provincial panel data between 2000 and 2010 in China including 31 provinces and categorized natural disasters into two different groups, i.e. meteorological and geological disasters. It has been found that meteorological disasters promote economic growth through the accumulation of physical capital, while the geological disasters have been found with no significant relationship economic growth of the local economy.

Suggested Citation

  • Xianhua Wu & Ji Guo, 2021. "Natural Disasters and Economic Growth―An Empirical Study Using Provincial Panel Data of China," Springer Books, in: Economic Impacts and Emergency Management of Disasters in China, edition 1, chapter 0, pages 81-104, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-1319-7_3
    DOI: 10.1007/978-981-16-1319-7_3
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