2005 Fiscal Year Final Research Report Summary
The Role of Economic Development on the Impacts of Natural Disasters-Cross-country analysis using international panel data
| Project/Area Number |
16530182
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Economic policy
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| Research Institution | Nagoya City University |
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Principal Investigator |
TOYA Hideki Nagoya City University, Faculty of Economics, Assistant professor, 大学院・経済学研究科, 助教授 (40285226)
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| Co-Investigator(Kenkyū-buntansha) |
MARK Skidmore University of Wisconsin-Whitewater, Professor
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| Project Period (FY) |
2004 – 2005
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| Keywords | Natural Disasters / Economic Policy / Economic Development / International Research Program |
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| Research Abstract |
Development, Socio-Economic Infrastructure and Natural Disasters Hideki Toya and Mark Skidmore
In this paper we examine the degree to which the human and economic casualties caused by natural disasters are reduced as an economy develops. We use data over the period 1960-2003 on human and economic losses resulting from natural disasters collected by the Office of U.S. Foreign Disaster Assistance/Center for Research on the Epidemiology of Disasters (OFDA/CRED) to estimate the relationship between several measures of economic development and the damages caused by natural catastrophes. We find that as income increases both deaths and damages as a proportion of GDP are reduced : The human and relative economic losses are the most serious in developing countries. Controlling for income, we also find that countries with more human capital, greater openness and more highly developed financial sectors tend to experience fewer human and/or economic losses from disasters. The results are relevant to both policymakers and field agencies engaged in assessing and setting disaster mitigation policies.
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