Natural Disasters and their Impact on Long-term Growth
Natural Disasters and their Impact on Long-term Growth

Author(s): Karina Benetti
Subject(s): National Economy, Energy and Environmental Studies, Evaluation research, Economic development
Published by: Masarykova univerzita nakladatelství
Keywords: catastrophic risk; economic growth; natural disaster;
Summary/Abstract: Article deals by using empirical analysis with evaluation of the long-run relationship among the realization of natural disasters and with economic growth in selected countries. According to the research results Skidmore & Toya (2002) there is a correlation between higher frequency of natural disasters and higher rate of accumulation of human capital, which ultimately leads to the increase in total factor productivity and therefore economic growth, but mostly only in the long term.

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