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A ROBUST ANALYSIS OF THE RELATIONSHIP BETWEEN NATURAL DISASTERS, ELECTRICITY AND ECONOMIC GROWTH IN 41 COUNTRIES

NADIA BENALI|KAIS SAIDI
경제연구소 (Hanyang Economic Research Institute)|2017.09|Journal of Economic Development|제42권 제3호|pp. 89-110|DOI 10.35866/caujed.2017.42.3.005

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참고문헌

키워드

Natural DisasterPanel DataEconomic GrowthElectricity ConsumptionGranger Causality-VECM
주제분류경제학

초록

In this paper, our objective is to investigate the relationship between natural disasters (droughts, floods, earthquakes, and storms), electricity and other variables macroeconomic for 41 countries over the period 1990–2014. The Panel data and Granger causality-VECM used in this paper over the period 1990–2014. The analysis finds that, the impact of natural disasters is negative and stronger on developing than on developed countries. Second, the test of causality shows that both in short term and long term there is a unidirectional relationship running from disaster measures to electricity consumption. In the long term, we note the existence of a unidirectional causal relationship ranging from disaster measures to GDP per capita.

Abstract

In this paper, our objective is to investigate the relationship between natural disasters (droughts, floods, earthquakes, and storms), electricity and other variables macroeconomic for 41 countries over the period 1990–2014. The Panel data and Granger causality-VECM used in this paper over the period 1990–2014. The analysis finds that, the impact of natural disasters is negative and stronger on developing than on developed countries. Second, the test of causality shows that both in short term and long term there is a unidirectional relationship running from disaster measures to electricity consumption. In the long term, we note the existence of a unidirectional causal relationship ranging from disaster measures to GDP per capita.

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