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

Author

Listed:
  • 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)

  • Fithra Faisal Hastiadi

    (Department of Economics, Faculty of Economics and Business, Universitas Indonesia, Depok, 16424, 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.

Suggested Citation

  • Inez Novialita Primantia & Femmy Roeslan & Fithra Faisal Hastiadi, 2016. "The Economic Development Impact of Natural Disasters in APEC Countries (1999-2013)," Working Papers in Economics and Business 201606, Faculty of Economics and Business, University of Indonesia, revised May 2016.
    • Handle: RePEc:lpe:wpecbs:201606
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