Relevant bibliographies by topics / Economic development and growth

Academic literature on the topic 'Economic development and growth'

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Published: 4 June 2021
Last updated: 19 February 2023

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Journal articles on the topic "Economic development and growth"

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Jeníček, V. "Economic growth in the development economy." Agricultural Economics (Zemědělská ekonomika) 62, No. 2 (March 17, 2016): 93–98. http://dx.doi.org/10.17221/234/2014-agricecon.

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Jeníček, V. "Economic growth and new economy." Agricultural Economics (Zemědělská ekonomika) 50, No. 1 (February 24, 2012): 1–8. http://dx.doi.org/10.17221/5159-agricecon.

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Technological changes bring about economic growth. We are now at the beginning of the new phase of global economic development called new economy. The bearers of it are especially information technologies, biotechnology, material, energetic and cosmic technologies. There is reflected the influence of important integration factors as new technologies, high competitiveness (which becomes a necessity), new economic culture in the sphere of government, households and business.
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Pelsa, Inese, and Signe Balina. "DEVELOPMENT OF ECONOMIC THEORY – FROM THEORIES OF ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT TO THE PARADIGM OF SUSTAINABLE DEVELOPMENT." DIEM: Dubrovnik International Economic Meeting 7, no. 1 (February 2022): 91–101. http://dx.doi.org/10.17818/diem/2022/1.10.

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Rapid economic growth is a relatively recent phenomenon, which has been examined since the end of the 18th century. In the scientific literature researchers use the concept of “economic growth” and “economic development” when analyzing economic processes. “Economic growth”, as defined by Paul M. Romer occurs whenever people use resources and rearrange them in more valuable ways. Thus, economic growth means an increase in a real national income / national output. In contrast, economic development is an improvement of the quality of life and living standards, e.g. improvement of literacy, life expectancy, and approach to environmental issues. Economic development encircles a wider range of metrics than just gross Domestic Product (GDP) per capita, it is about actual standard of living, level of environmental standards, availability and quality of housing and other aspects. The article analyzes, compares and evaluates theories of economic growth and economic development in the context of sustainable development.
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AGARWAL, SHUBHI. "Impact of India’s Population Growth on Economic Development." Paripex - Indian Journal Of Research 3, no. 5 (January 15, 2012): 1–2. http://dx.doi.org/10.15373/22501991/may2014/91.

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Herman Subagyo, Slamet, and ema sulisnaningrum. "Development of Economic Technology and Infrastructure in Stimulating Consumption and Economic Growth." ASIAN Economic and Business Development 1, no. 1 (May 21, 2021): 31–34. http://dx.doi.org/10.54204/2776118.

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This study aims to examine the development of technology and economic infrastructure in driving consumption and economic growth in Indonesia. This study uses secondary data from world banks and processed regression using the moving average autoregression method. We conclude that the supporting infrastructure for the economy and public consumption has a role or a role in driving economic growth. The construction of highways as the supporting infrastructure for the economy in terms of smooth distribution along with traditional markets is an economic supporting infrastructure that is very important in the Indonesian economy, supported by the high level of consumption of Indonesian society.
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Kang, Dahyun, Sun Lee, and Sung Jin Kang. "Financial Institution Development and Economic Growth: Dynamic Panel Evidence from the Developing Economies." Korean Development Economics Association 28, no. 2 (June 30, 2022): 1–31. http://dx.doi.org/10.20464/kdea.2022.28.2.1.

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This study aims to explore the impact of financial institution development (FID) on economic growth for the world and 54 developing economies from 2000 to 2019 with dynamic panel system GMM estimation. With regard to FID, this study considers 4 different indicators: access, depth, efficiency, and stability. Estimation results are as follows. First, the FID indicators (access, depth, and efficiency) have positive impact on economic growth for the world group and developing economies with stronger effect of access in developing economies. Second, the stability as another FID indicator, liquid assets, is negative only for the developing economies. It means that the higher ratio of liquid assets, the more incentive for financial institution to take on risk. These results were also maintained in the robustness check. Overall, this study suggests that developing economies should enhance their access to financial institution and put in place the measures to manage liquid assets.
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Iscan, Talan B. "UNDERSTANDING ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT." Review of Income and Wealth 50, no. 4 (December 2004): 585–96. http://dx.doi.org/10.1111/j.0034-6586.2004.00141.x.

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Badr, Osama M. "Stock Market Development and Economic Growth: Evidences from Egypt." International Journal of Trade, Economics and Finance 6, no. 2 (April 2015): 96–101. http://dx.doi.org/10.7763/ijtef.2015.v6.450.

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Taivan, Ariuna. "Financial Development And Economic Growth Revisited: Time Series Evidence." International Journal of Trade, Economics and Finance 9, no. 3 (June 2018): 116–20. http://dx.doi.org/10.18178/ijtef.2018.9.3.599.

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Velupillai, K. Vela. "Growth and economic development." Journal of Economic Dynamics and Control 21, no. 7 (June 1997): 1259–62. http://dx.doi.org/10.1016/s0165-1889(97)00047-x.

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Dissertations / Theses on the topic "Economic development and growth"

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Cavalcante, Anderson Tadeu Marques. "Regional financial development and economic growth." Thesis, University of Cambridge, 2012. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.610634.

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Pirlea, Ana Florina. "Economic growth and corruption." Diss., Connect to the thesis, 2007. http://hdl.handle.net/10066/1020.

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Kassimatis, Konstantinos. "Stock market development and economic growth in emerging economies." Thesis, Middlesex University, 2000. http://eprints.mdx.ac.uk/6320/.

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In the early 1980's several developing countries introduced liberalisation policies in their economies. One of the reforms they implemented was to develop their stock markets. The theoretical justification for the liberalisation process was provided by the work of McKinnon (1973) and Shaw (1973). Their model follows neo-classical assumptions on savings and investment. Other researchers later completed their model with respect to the stock market, and claimed that its development could benefit the emerging economies [Cho (1986)]. The aim of this thesis is to empirically examine if stock market development in a sample of emerging countries assisted economic growth or not. To examine this, we form three research questions. The first question is: what is the direct impact of stock market development on economic growth in developing countries? The second question refers to the indirect impact of stock market development on the economy via stock price volatility. The question is: has stock market volatility increased following liberalisation policies or not? The third question is: have the emerging stock markets become more integrated with each other and with developed markets following liberalisation? Stock market integration is a result of stock market development so we should expect these stock markets to become more integrated after they were liberalised. In examining these issues, we take into account the special circumstances surrounding each country. To this end we provide an overview of some of the emerging economies we examine and discuss the implications of their individual characteristics for our analysis. We carry out a literature survey which suggests that research in this area has been scarce. The few empirical evidence on these questions are mixed. This thesis aims to contribute to this growing literature by providing additional evidence on the questions we posed and by overcoming some of the problems which are inherent in the methodologies followed by previous researchers who examined these issues.
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Chiang, Alvin L. "Three Essays in Economic Development, Growth, and Trade." FIU Digital Commons, 2017. http://digitalcommons.fiu.edu/etd/3485.

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This dissertation is composed of three essays and analyzes the effects of both health outcomes and international trade on economic development and growth. In the first chapter, I develop a theoretical model using a Nelson-Phelps framework in order to establish a causal relationship between health outcomes and economic growth. I also econometrically test this approach to quantify the magnitude of the effects observed. Using the international epidemiological transition as a baseline and instrumental variable regression, I find that both life expectancy growth rates and initial levels of life expectancy are the main drivers of economic growth, and improvements in both indicators lead to significant, positive changes in the income per-capita growth rate. In the second chapter, I design an overlapping generations model that showcases how individuals determine their optimal fertility, education, labor supply, and life-cycle consumption decisions under uncertain survival probabilities. Under partial equilibrium, exogenous shocks in mortality lead to explicit changes in economic growth and development through the above mechanisms, but under general equilibrium, predictions are ambiguous due to offsetting substitution and income effects. I complement the theory with an empirical analysis, constructing age-specific birth rates, age-specific death rates, and life expectancies from the Demographic and Health Surveys in 36 Sub-Saharan African countries. Using system-GMM estimation, the results show that improvements in health will have a positive and statistically significant impact on economic growth and development. In the third chapter, I develop an analysis similar to Hausmann, Hwang, and Rodrik (2007), whose main argument is that what countries export has significant predicting power on its economic growth and development. Giving greater transparency to both the data collection and the empirical methodology, I replicate their research and instead use imports as a robustness check. The results confirm previous studies and shows that exports, not imports, matter for economic growth. Thus, we conclude that the type and quality of goods in which a country specializes and exports is directly related to its subsequent economic performance.
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Yin, Xiaopeng 1963. "The effect of economic integration on endogenous economic growth." Thesis, McGill University, 1995. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=23435.

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This thesis presents a survey of the development of economic growth theory, including the latest developments in the relationship between international economic integration through international flows of goods and/or knowledge and endogenous economic growth. Based on the following literature review, a new and more reasonable model for the research and development (i.e., the R&D) sector--a sector which is considered the source of long-run growth--is offered in order to develop and improve the framework built by Rivera-Batiz and Rome (1991), i.e. the RBR model. This new model will make the RBR framework more complete and rational. In this new model, it is proved that any form of economic integration will increase the long-run rate of growth, and these results are compared with those of the RBR. Moreover, Devereux and Lapham's efforts to find some dynamic analysis along the transitional path under two different situations: knowledge flows only, and both goods and knowledge flows, are continued in the same model. It is found that when only knowledge is allowed to flow across borders, economic integration generates corner solutions for the production of the R&D sector, while this does not happen when complete goods and knowledge flows exist. However, the real balanced growth rates in these diverse situations are higher than they are in autarky.
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Chaudhry, Anita M. "Water and economic growth." Laramie, Wyo. : University of Wyoming, 2008. http://proquest.umi.com/pqdweb?did=1594493531&sid=1&Fmt=2&clientId=18949&RQT=309&VName=PQD.

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Adnan, Noureen. "Financial development, economic growth and crises." Thesis, University of Surrey, 2012. http://epubs.surrey.ac.uk/770388/.

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The importance of financial markets in a globalised economy cannot be overstated. An obvious example is the 2008 collapse of Lehman Brothers, the consequences of which were not just confined to the United States but spread to almost all developed economies in the world. On a daily basis movement in the world's stock, bond, commodity and currency markets can be affected by as diverse factors as a revision to the inflation rate in China, an unexpected European Union meeting on the Euro or the announcement of company earnings in the U.S. The link between financial markets and the real economy, the increased volatility in financial markets, and the repercussions of financial crises are issues of great interest to economic agents (policymakers, firms, households) around the world. However, they are of even greater significance to developing nations, as they try to raise their living standards. The research presented in this thesis aims to inform the discussion on the pertinence of financial development for economic growth. Following a brief introduction, Chapter 2 sets the scene by reviewing the neo- classical growth models and endogenous growth theory. The rationale for focusing v - on the role of financial development is discussed next followed by all evaluation of the empirical evidence. Chapter 3 concentrates on the measurement of financial de- velopment. Existing measures are examined and a new measure is introduced using the latest available data for the largest possible number of economies. The principal components methodology, which reduces the dimensionality of the data, is used for the construction of this new measure. This is then used to revisit the empirical relationship between financial development and growth in Chapter 4. The method- ology employed is that of least squares dummy variables (LSDV) estimation, and the issue of potential endogeneity is explored through the use of two-stage ordinary least squares (OLS) and generalised method of moments (GMM). Chapter 5 undertakes a large sample analysis to address the relationship between financial development, and the likelihood of financial crises and chapter 6 summaries the findings from this work and discusses limitations and possible extensions. VI.
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McArthur, Jonh W. ""Essays on African Economic Growth Development"." Thesis, University of Oxford, 2009. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.508380.

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Venâncio, Sara Filipa Meixedo. "Does financial development promote economic growth?" Master's thesis, Instituto Superior de Economia e Gestão, 2013. http://hdl.handle.net/10400.5/6301.

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Mestrado em Economia Monetária e Financeira
This study investigates the relationship between financial development and economic growth, using two panel of 17 and 19 developed countries, covering the period from 1980 to 2011 and 2000 to 2011, respectively. This study includes variables that measure the development of the financial sector in order to explain the GDP per capita growth, using modified ordinary least squares, fixed and random effects estimations. The results indicate that domestic credit provided by banking sector and domestic credit to the private sector are (in most estimations) negatively correlated with growth. This may be explained by poor and inefficient credit allocation. The results also show that gross domestic savings and M2 play a significant role in economic growth. Moreover, the ratio non-performing loans/total loans is positively correlated with GDP, particularly for estimations where credit variables were excluded. Little evidence was found from the relationship between liquidity provided by the banking system and capital markets, and economic development.
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Gabe, Todd M. "Economic development incentives and enterprise growth /." The Ohio State University, 1999. http://rave.ohiolink.edu/etdc/view?acc_num=osu1488191124570567.

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Books on the topic "Economic development and growth"

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Economic growth. 3rd ed. Boston, MA: Pearson Addison-Wesley, 2013.

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Economic growth. Boston: Addison-Wesley, 2005.

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Weil, David N. Economic growth. Boston: Pearson Addison Wesley, 2008.

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Development & growth economics. Dhaka: Samhati Prakashan (Samhati Publications), 2015.

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Das, Sibabrata, Alex Mourmouras, and Peter Rangazas. Economic Growth and Development. Cham: Springer International Publishing, 2018. http://dx.doi.org/10.1007/978-3-319-89755-4.

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Das, Sibabrata, Alex Mourmouras, and Peter C. Rangazas. Economic Growth and Development. Cham: Springer International Publishing, 2015. http://dx.doi.org/10.1007/978-3-319-14265-4.

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McCartney, Matthew. Economic Growth and Development. London: Macmillan Education UK, 2015. http://dx.doi.org/10.1007/978-1-137-29031-1.

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Sun, Lei. Economic Growth and Development. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-46099-0.

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Lombardini, Siro. Growth and economic development. Cheltenham, UK: E. Elgar Pub., 1996.

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Economic growth and development. 2nd ed. Hackensack, NJ: World Scientific Pub., 2012.

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Book chapters on the topic "Economic development and growth"

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Scitovsky, Tibor. "Balanced Growth." In Economic Development, 55–58. London: Palgrave Macmillan UK, 1989. http://dx.doi.org/10.1007/978-1-349-19841-2_7.

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Sengupta, Jati. "Development." In Understanding Economic Growth, 1–7. New York, NY: Springer New York, 2010. http://dx.doi.org/10.1007/978-1-4419-8026-7_1.

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Iyer, Sriya. "religion and economic development." In Economic Growth, 222–28. London: Palgrave Macmillan UK, 2010. http://dx.doi.org/10.1057/9780230280823_28.

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Boserup, E. "Agricultural Growth and Population Change." In Economic Development, 21–34. London: Palgrave Macmillan UK, 1989. http://dx.doi.org/10.1007/978-1-349-19841-2_3.

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Rees, Gareth, and Charles Smith. "Population Growth: Threat or Opportunity?" In Economic Development, 36–52. London: Macmillan Education UK, 1998. http://dx.doi.org/10.1007/978-1-349-14689-5_3.

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Rashid, Salim. "Economic Development is Human Development." In Economic Policy for Growth, 1–22. Boston, MA: Springer US, 2000. http://dx.doi.org/10.1007/978-1-4615-4537-8_1.

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McCartney, Matthew. "Economic Growth and Economic Structure since 1750." In Economic Growth and Development, 166–82. London: Macmillan Education UK, 2015. http://dx.doi.org/10.1007/978-1-137-29031-1_9.

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Kónya, István. "Growth and Development Accounting." In Economic Growth in Small Open Economies, 65–80. Cham: Springer International Publishing, 2018. http://dx.doi.org/10.1007/978-3-319-69317-0_5.

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Jansen, Karel. "Financing Economic Growth." In External Finance in Thailand’s Development, 55–87. London: Palgrave Macmillan UK, 1997. http://dx.doi.org/10.1007/978-1-349-25846-8_3.

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Thirlwall, A. P. "The Study of Economic Development." In Growth and Development, 3–24. London: Macmillan Education UK, 2008. http://dx.doi.org/10.1007/978-0-230-21620-4_1.

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Conference papers on the topic "Economic development and growth"

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Põlajeva, Tatjana, and Sergei Kornilov. "Infrastructure Development: Economic Growth Effects." In The 7th International Scientific Conference "Business and Management 2012". Vilnius, Lithuania: Vilnius Gediminas Technical University Publishing House Technika, 2012. http://dx.doi.org/10.3846/bm.2012.022.

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Nedelcheva, Nataliya. "HEALTH AND REGIONAL ECONOMIC DEVELOPMENT." In AGRIBUSINESS AND RURAL AREAS - ECONOMY, INNOVATION AND GROWTH 2021. University publishing house "Science and Economics", University of Economics - Varna, 2021. http://dx.doi.org/10.36997/ara2021.238.

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Maintaining a level of health services and creating conditions for sustainable development is a mandatory societal and ethical imperative, given the multifaceted and multi-layered influence. The thesis of the study is that the quality of health services and the resource potential of the regions can be used as an opportunity to bring the economy of the regions to life and improve the quality of life in them. The aim of the report is to reflect the link between the level of health and the development of the economy of the regions. To this end, the report draws attention to how improving the quality of health services and the high-tech health process can affect the region's economy and use health tourism as a tool for regional economic development and quality of life improvement.
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Rudakova, Olga. "Economy of Knowledge and Economic Growth in Russia." In 2017 International Conference on Culture, Education and Financial Development of Modern Society (ICCESE 2017). Paris, France: Atlantis Press, 2017. http://dx.doi.org/10.2991/iccese-17.2017.151.

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Wiyono, Luluk Cahyo, Retno Sari Mahanani, and Bagus Putu Yudhia Kurniawan. "Local Economic Development Strategies to Accelerate Sustainable Economic Growth." In 2nd International Conference on Social Science, Humanity and Public Health (ICOSHIP 2021). Paris, France: Atlantis Press, 2022. http://dx.doi.org/10.2991/assehr.k.220207.016.

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Pisarenko, K. V. "Social capital as a factor in the economic growth of regional economies." In Global science. Development and novelty. LJournal, 2020. http://dx.doi.org/10.18411/gdsn-25-02-2020-09.

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Önce, Asım Günal, Mehmet Marangoz, and Nedret Erboy. "The Importance and Role of Entrepreneurship in Economic Growth and Development." In International Conference on Eurasian Economies. Eurasian Economists Association, 2014. http://dx.doi.org/10.36880/c05.01041.

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Economic growth leads to with increased prosperity with increasing of income levels of people living in a country. Economic development involves social and cultural developments in the economy along with prosperity. Entrepreneurship which is involved in factors of production, labor, capital and technology and brings them together and it takes risks and assess opportunities has an important role in economic growth and development. The basic elements of a country's economic development are individuals who have an entrepreneurial spirit. They are driving force of growth and prosperity. The impact on entrepreneurs' on economic development can be associated with their inventions / scientific research and invention through their innovations, the ability of adaptation innovations, by way of competition raise efficiency, providing employment, making business opportunities and their increasing of production and commercial activities where they are established. In the economies, entrepreneurs increase profits in terms of production volume, stimulating competition and in parallel with leads to the decline prices. In this context, the country's economic growth and development, remaining prosperity affects well-being and quality of life of individuals, their economic prosperity and their social and cultural development. In this study, the role and importance of entrepreneurship in a country's economic growth and development and socio-economic development will be examined in the context of various parameters and in terms of these parameters the relationship between entrepreneurial activity and economic growth will be highlighted.
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Agarkov, Gavriil A., and Tatyana V. Tarasyeva. "Estimation of economic system’s proportional development using economic growth model." In INTERNATIONAL CONFERENCE OF NUMERICAL ANALYSIS AND APPLIED MATHEMATICS ICNAAM 2019. AIP Publishing, 2020. http://dx.doi.org/10.1063/5.0030881.

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Wenbo, Deng. "Does Regional Integration Promote Economic Growth?" In 5th International Conference on Social Sciences and Economic Development (ICSSED 2020). Paris, France: Atlantis Press, 2020. http://dx.doi.org/10.2991/assehr.k.200331.045.

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Pirimbaev, Jusup, Dzhumabek Dzhailov, and Umet Momunov. "Economic Growth and Development Prospects of Agricultural Economics in Kyrgyzstan in Condition of Economic Integration." In International Conference on Eurasian Economies. Eurasian Economists Association, 2016. http://dx.doi.org/10.36880/c07.01708.

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The evaluation of the current state of development of agrarian sector of the national economy and its competitiveness. Conceptual foundations of growth and development of the agricultural sector in the context of deepening integration. The recommendations for the strategic development of the sector in the framework of the Eurasian Economic Union. Particular attention is paid to the problems of reformatting the agricultural production structure, improve the regional and zonal specialization of agricultural production and the balanced development of agriculture. The directions of development of cooperation, integration links in a format forming a single food market. The mechanisms to improve the management system of competitive development of the agrarian economy of Kyrgyzstan.
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Yimiao, Liu, Wu Zihao, and Sesay Brima. "FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH IN CHINA." In World Symposium on Economics, Business and Management（WSEBM）. Volkson Press, 2017. http://dx.doi.org/10.26480/wsebm.01.2017.35.37.

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Reports on the topic "Economic development and growth"

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Gunatilake, Herath, Priyantha Wijayatunga, and David Roland-Holst. Hydropower Development and Economic Growth in Nepal. Asian Development Bank, June 2020. http://dx.doi.org/10.22617/wps200161-2.

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Sacks, Daniel, Betsey Stevenson, and Justin Wolfers. Subjective Well-Being, Income, Economic Development and Growth. Cambridge, MA: National Bureau of Economic Research, October 2010. http://dx.doi.org/10.3386/w16441.

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Rousseau, Peter. Historical Perspectives on Financial Development and Economic Growth. Cambridge, MA: National Bureau of Economic Research, November 2002. http://dx.doi.org/10.3386/w9333.

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Arifovic, Jasmina, James Bullard, and John Duffy. Learning in a Model of Economic Growth and Development. Federal Reserve Bank of St. Louis, 1995. http://dx.doi.org/10.20955/wp.1995.017.

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Bloom, David, and Richard Freeman. Economic Development and the Timing and Components of Population Growth. Cambridge, MA: National Bureau of Economic Research, November 1987. http://dx.doi.org/10.3386/w2448.

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McCord, Gordon, and Jeffrey Sachs. Development, Structure, and Transformation: Some Evidence on Comparative Economic Growth. Cambridge, MA: National Bureau of Economic Research, October 2013. http://dx.doi.org/10.3386/w19512.

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Acemoglu, Daron, and Simon Johnson. Disease and Development: The Effect of Life Expectancy on Economic Growth. Cambridge, MA: National Bureau of Economic Research, June 2006. http://dx.doi.org/10.3386/w12269.

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Broadberry, Stephen, Nicholas Crafts, Leigh Gardner, Rocco Macchiavello, Anandi Mani, and Christopher Woodruff. Unlocking Development: A CAGE Policy Report. Edited by Mark Harrison. The Social Market Foundation, November 2014. http://dx.doi.org/10.31273/978-1-904899-98-3.

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The world’s poor are ‘trapped’ in poverty. How can we unlock development so that poor countries can sustain economic growth over long periods of time? Our report considers this problem on three levels, the national economy, the private sector, and citizenship. At the core of each chapter is new research by CAGE members and associates. Chapter 1 addresses the factors underlying sustainable growth of the national economy. Chapter 2 looks for the sources of business capacity and sustainable growth of the private sector. Chapter 3 links citizenship to economic development, showing how political voice can enable women to participate more freely in society and the economy. In all three chapters we show how economic development relies on the rule of law, including a framework of laws and their enforcement that is applied to all and accessible by all. We show how, without such a framework, the sustainable growth of national economies and their businesses is threatened when laws fail to resolve conflicts. This failure is often accompanied by corruption or violence. So, we discuss what can be done to promote the rule of law; to make economic growth more stable and sustainable; to enhance the capacity of business organisations that are most likely to attract, grow and create jobs; and to enable women to play a full part in economic development as citizens, providers, and entrepreneurs. Foreword by Frances Cairncross; Introduced by Nicholas Crafts.
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9

Campante, Filipe, and David Yanagizawa-Drott. Long-Range Growth: Economic Development in the Global Network of Air Links. Cambridge, MA: National Bureau of Economic Research, September 2016. http://dx.doi.org/10.3386/w22653.

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10

Cavallo, Eduardo, Oscar Becerra, and Laura Acevedo. The Impact of Natural Disasters on Economic Growth. Inter-American Development Bank, October 2021. http://dx.doi.org/10.18235/0003683.

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Abstract:
This paper estimates the impact of catastrophic natural disasters on economic growth using an event study methodology on a country panel dataset from 1970 to 2019. The severity of the events is determined by the associated mortality. We find that affected economies which, given the way natural disasters are ranked, comprise mainly developing countries, suffer an average loss between 2.1 and 3.7 percentage points (p.p.). The estimated loss is not offset by above-average growth rates in the disasters aftermath. In contrast, when the severity of the events is determined by physical intensity rather than by mortality, which implies a more balanced estimating sample of developed and developing economies, the estimated effects on growth are negligible. Thus, the negative impacts of natural disasters on economic growth are larger for poorer countries, suggesting that the impact of natural disasters on growth is an economic development issue.
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