Quality infrastructure and natural disaster resiliency: A panel analysis of Asia and the Pacific

Farhad Taghizadeh-Hesary*, Tapan Sarker, Naoyuki Yoshino, Aline Mortha, Xuan Vinh Vo

*この研究の対応する著者

研究成果: Article査読

9 被引用数 (Scopus)

抄録

In this study, we assess the impact of quality infrastructure, development, and corruption on damage caused by a natural disaster using panel data from 14 Asia and the Pacific countries for 2007–2017. Employing the generalized method of moments and vector error correction model, this study's main contribution to the literature lies in the quantification of the role of quality infrastructure in disaster impact mitigation. The empirical results prove that even if disaster intensity remains the most important factor in explaining damage, this effect is short-lived. At the same time, quality infrastructure significantly reduces damage in the long-term and is the variable with the largest magnitude. A higher level of development indicators, measured by gross domestic product per capita, and control of corruption, are also shown to reduce damage linked to natural disasters. Our study suggests that improving the quality of infrastructure can be effective in mitigating the impact of disasters. We also propose financial schemes such as public–private cooperation and innovative schemes to promote the construction of quality infrastructure.

本文言語English
ページ(範囲)394-406
ページ数13
ジャーナルEconomic Analysis and Policy
69
DOI
出版ステータスPublished - 2021 3月

ASJC Scopus subject areas

  • 経済学、計量経済学
  • 経済学、計量経済学および金融学(その他)

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