The effect of natural and man-made disasters on countries' production efficiency

Artikel

This study intends to understand how disaster is related to countries' production efficiency using a sample of 137 countries over 1980 - 2011. We analyze the effect of the number of man-made and natural disaster occurrences on countries' technological change (swift of the frontier) and technological catch-up (distribution of efficiencies). The results reveal an inverted "U" shape relationship between countries' technological change and technological catch-up with disaster occurrences. This finding suggests that the effect on countries' production efficiency is positive for lower number of disaster events; however, after a specific threshold value, the effect becomes negative. The results also reveal that low-income countries are negatively affected much quicker compared to high-income countries. Finally, it is evident that the negative effect of disaster occurrences impacts first countries' technological catch-up and then their technology change.

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• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Journal of Economic Structures ; ISSN: 2193-2409 ; Volume: 4 ; Year: 2015 ; Pages: 1-13 ; Heidelberg: Springer

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Semiparametric and Nonparametric Methods: General ; Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
• Thema: Disasters ; Production efficiency ; Conditional efficiency ; Nonparametric analysis

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Halkos, George ; Managi, Shunsuke ; Tzeremes, Nickolaos
• Ereignis: Veröffentlichung
• (wer): Springer
• (wo): Heidelberg
• (wann): 2015

Weitere Informationen

• DOI: doi:10.1186/s40008-015-0019-2
• Handle: http://hdl.handle.net/10419/147209