Impact of Natural Disasters on Economic Activity
Document Type
Article
Publication Date
6-2021
Department
School of Business
Abstract
Natural shocks and climatic disasters have been causing great destruction to human life and property. These shocks and disasters have often damaged the economy and caused a massive loss to the affected nation. A large amount of aid is necessary for recovery from such natural shocks. We propose to examine and compare the impact of natural disasters on economic activity. The type of natural disaster considered here is earthquakes, and the variable for economic activity is Merchandise Imports. We find that the natural disasters have a significant impact on the economic activity and the results vary based on the form of government and the level of development within the country.
DOI
http://dx.doi.org/10.18374/JIFS-21-1.4
First Page
33
Last Page
39
Volume
21
Issue
1
ISSN
19452950, 23788674
Recommended Citation
Limaye, A., Elkassagi, A., & Singh, K. (2021). Impact of natural disasters on economic activity. Journal of International Finance Studies, 21(1), 33–39. https://doi.org/10.18374/JIFS-21-1.4